0800 999 7741 Lease Purchase
What is Lease Purchase?
Lease Purchase (LP) is a finance product designed to reduce monthly payments by delaying part of the repayment to the end of the agreement. The deposit, monthly payments, mileage and final payment can all be adjusted to meet your needs.
The balance can be paid off at any time. The final payment – the residual value, is calculated using market data on the likely value of your car at the end of the finance agreement, but this is not a guaranteed value.
At the end of the LP you can pay off the residual value and keep the car or using it as a part exchange for your next car. If used in part exchange, the outstanding amount will be deducted from the price you are given for your old car.
To find out more, please contact us on the form below or visit our dealerships in Tunbridge Wells, Kent and Slough, Berkshire.
