Lease Purchase is another type of vehicle finance which is ideal for non VAT registered customers who eventually wish to take ownership
More Information on Lease Purchase:
It is a flexible product and it is possible to put down a larger initial payment, which has the advantage of reducing the monthly payments. The monthly cost is worked out on the difference between the retail value and the depreciation value plus interest. This means that choosing Lease Purchase for a vehicle which holds its value will work out in your favour.
The main difference between Lease Purchase and Contract Purchase is that instead of having the choice at the end of the contract to purchase the vehicle, which you would have with Contract Purchase, you have already entered into a contract to purchase the vehicle at the end of the contract with Lease Purchase.
This contract is only for those who are absolutely sure that they want to take ownership of the vehicle at the end of the contractual period, and pay any balloon payments attached to the contract. Lease Purchase agreements typically last between 2 and 4 years although the agreement can be settled at any time throughout the contract.
Email : email@example.com
Telephone : 0333 335 0000
Company Address :
Economy Leasing UK Ltd
Langdon Hills Business Square
Economy Leasing UK Ltd are a credit broker and not a lender, we are authorised and regulated by the Financial Conduct Authority. Registered No : 673913
Registered in England & Wales with company number : 06788424 | Data Protection No : Z1651473 | VAT No : 945980476 | BVRLA Registration Number 2208
Registered Office : Unit 3 Langdon Hills Business Square, Florence Way, Laindon, Essex, SS16 6AJ
Disclaimer: All vehicle images and descriptions are for illustration and reference purposes only, all vehicle leases are subject to credit approval and subject to change at any time. E&OE.
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