LEASE PURCHASE/HIRE PURCHASE

A conventional / traditional funding product which has some strong advantages for customers.

A product for either business or personal customers.

KEY FEATURES

  • Ideal for Non-Vat Registered Companies
  • Gives ownership at end of term
  • Effective budgeting
  • Optional residual value (not guaranteed) reduces monthly rental

THINGS TO REMEMBER

  • Customer must pay all instalments to own
  • Balloon/Residual must be repaid
  • Vehicle prices vary over time and vehicle could be worth more/less than predicted
  • All Vat payable up front on commercials