Lease Purchase
An agreement where lower monthly payments can be achieved by deferring part of the capital cost of the vehicle until the end of the term by using one final balloon rental to achieve complete ownership.
05 June 2014This is ideal for someone wishing to have lower monthly payments for a fixed period of time (e.g. 3 years) until they are in a position to pay the balloon rental. This funding method can be popular with individuals who are setting up in business for the first time, are not VAT registered and wish to keep their payments to a minimum until they become more established.
