Lease Purchase gives you lower monthly payments than Hire Purchase, by deferring a balloon payment to the end of the agreement. This is generally settled from the sale proceeds or part-exchange allowance agreed with your Van Centre. Lease Purchase is great for small businesses that want to keep control of their cash flow or change vehicles sooner. After you make the final balloon payment you own the vehicle outright.^
- Own the vehicle at the end of the agreement
- Reduce your monthly payments
^ Subject to payment of the option-to-purchase fee
Lease Purchase: is a purchase product suited to customers seeking long-term ownership, whilst looking to reduce their monthly repayments. Deferring an agreed amount to the end of your agreement allows you to reduce your monthly repayments. Deposits can be as little as one monthly payment.