Lease Purchase

Lease Purchase is a way of funding your new car.

Lease Purchase is the solution if you want to buy a vehicle outright but do not have the money to do so immediately.

Lease Purchase is normally used by VAT Registered companies or businesses and works in a similar fashion to PCP but with a fundamental difference.

Where as a PCP gives you the option to buy the car outright at the end of the contractual period, with Lease Purchase you already have an agreement to buy the car. 

At the end of the lease period the customer must make a final balloon payment to purchase the car. 

There is no return option.

The vehicle can appear as a balance sheet item and you can write down the value against taxable profits.