Lease Purchase

Lease Purchase is an ideal alternative to bank borrowing for businesses that are not VAT registered and who want eventual ownership of their vehicles. This is simply a funding scheme that also favors businesses that prefer minimum payments to assist with cash flow and offers part of the capital cost being deferred until the end of the agreement and has the obvious effect of reducing the monthly payments.

By paying the final balloon payment you complete the agreement and the vehicle is yours to keep.

Benefits of Lease Purchase

  • Eventual ownership
  • Low initial deposit
  • The car can be written down in your books
  • All interest paid can be off-set against tax
  • No VAT on payments
  • Option to take early settlement
  • No restriction on mileage