Lease Purchase or Hire Purchase
A Funding Agreement where the title to the vehicle passes to the customer when all payments and fees have been made.
Agreements can be constructed to finance the agreed balance or with a deferred payment (Balloon) equating to the anticipated value of the vehicle at the end of the agreement and this allows both low initial and monthly payments.
Fixed or variable interest rates are available so the agreement can be tailored to suit individual customer requirements.
The Benefits are:
- Customer gains ownership of the vehicle
- Vehicle appears on company balance sheet
- Customer claims writing down allowance
- Flexible repayment period
