About your agreement
A Lease Purchase agreement lets you make lower monthly payments (compared to Hire Purchase) by deferring a proportion of the loan (a balloon payment) to the end of the agreement. This is great for small businesses that want to keep control of their cash flow or need the flexibility to be able to change vehicles before the end of the agreed term.
How it works
You choose your vehicle, pay your deposit and agree the payment term (anything from 12 to 49 months). You then make monthly payments until you reach the end of your agreement, and make your final balloon payment (plus the option-to-purchase fee). You will then own your vehicle outright.