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Lease Purchase is another type of vehicle finance which is ideal for non VAT registered customers who eventually wish to take ownership
It is a flexible product and it is possible to put down a larger initial payment, which has the advantage of reducing the monthly payments. The monthly cost is worked out on the difference between the retail value and the depreciation value plus interest. This means that choosing Lease Purchase for a vehicle which holds its value will work out in your favour.
The main difference between Lease Purchase and Contract Purchase is that instead of having the choice at the end of the contract to purchase the vehicle, which you would have with Contract Purchase, you have already entered into a contract to purchase the vehicle at the end of the contract with Lease Purchase.
This contract is only for those who are absolutely sure that they want to take ownership of the vehicle at the end of the contractual period, and pay any balloon payments attached to the contract. Lease Purchase agreements typically last between 2 and 4 years although the agreement can be settled at any time throughout the contract.
Adaptive Vehicle Solutions Ltd
3E Pentland Close
Cardiff Industrial Park
Company Reg No : 05301680 | Data Protection No : Z8982892 | VAT No : 854 4303 33 |
Adaptive Vehicle Solutions Ltd is authorised and regulated by the Financial Conduct Authority. Registered No : 627425.
Please note that failure to pay your monthly repayments could result in termination of your agreement, missing payments could have severe consequences and make obtaining credit in the future more difficult. Commission disclosure | Complaints procedure
Registered Office : AVS House 3E Pentland Close, Cardiff Business Park, Llanishen, Cardiff, CF14 5DJ
Copyright © 2018 Adaptive Vehicle Solutions Ltd, All rights reserved.
All pictures and/or photos and car descriptions on this site are for illustration and reference purposes only and are not necessarily the vehicle on offer. All offers are subject to change at any time and are subject to finance approval and vehicle availability. All prices correct at time of publication. E & OE.