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Lease Purchase

On a Lease Purchase (LP) your payments will consist of fixed monthly payments over a set period of time, and a Final Payment (also known as a Balloon Payment) which is deferred until the end of the agreement. This will allow you to become the legal owner of the car.


You will need to decide on your annual mileage, the length of your agreement and your initial payment.Your monthly payments will be based on these conditions, plus a Final Payment that is deferred until the end of your agreement.At the end of the agreement, you must make the Final Payment and then you will become the legal owner. There is no option for you to hand the car back, so you must have sufficient funds to make the Final Payment.

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