Lease Purchase
A consierge service for everyone.
Lease Purchase Overview
Lease Purchase is an extension of the hire purchase agreement but with an offset payment due at the end of the term.
Once again available to private individuals or a business, deferring an element of the finance (balloon payment) until the end reflects in a reduced monthly payment. This facility works well when a vehicle has a potentially strong residual value. Available from 24 to 48 months.
Car finance tailored to you
How does Lease Purchase work?
- Choose the car you wish to purchase.
- Agree the required deposit, length of term & balloon payment
- You pay the set monthly payments which have been agreed.
- Pay the final balloon payment at the end of the agreement and then you get full ownership of the vehicle.
Finance to suit you
Lease Purchase Finance Example
Let’s say you want to buy a car listed for £21,190 through a lease purchase agreement lasting 4 years (48 months).
You put down a deposit of £2,190 and get offered an APR of 12.9%.
Your example breakdown might look a little something like this:
| Car Value | £21,190 |
|---|---|
| Deposit | £2,190 |
| Amount To Finance | £19,00 |
| APR | 10.9% |
| Total Repayable | £27,062 |
| Term | 48 Months |
| Monthly Repayment | £338.35 |
| Fixed Baloon Payment | £8,970 |
*Note: The APR you’re offered will be dependent on your credit rating and the lender you’re borrowing from.
Finance to suit you
Other Types of Car Finance we offer
PCP
PCP finance is a flexible way to drive a new or nearly-new car with lower monthly payments. You pay a deposit, followed by fixed monthly payments — and at the end, you can choose to keep the car (by paying a final balloon payment), hand it back, or part-exchange it. It’s ideal if you like to change cars every few years.
Whats right for you?
Car Finance Options Compared
| Feature | PCP | Hire Purchase | Lease Purchase |
|---|---|---|---|
| Monthly Payments | Usually lower | Higher | Lower due to balloon payment |
| Final Payment | Optional balloon payment | No balloon payment | Required balloon payment |
| Ownership | Optional | Yes, after final payment | Yes, after balloon payment |
| End-of-Term Options | Keep, return, or upgrade | Keep only | Keep only |
| Mileage Restrictions | Yes | No | No |
| Best For | Newer cars & flexibility | Long-term ownership | High-value vehicles |
| Condition Requirements | Must be good (charges may apply) | No condition check | No condition check |
| Vehicle Age Suitability | New or nearly-new | New or used | New or used |
| Actions | View More Apply Now | View More Apply Now | View More Apply Now |
