Lease Purchase is ideal for smaller non-VAT registered companies that want to purchase their vehicles but may not have sufficient capital to do so immediately.
You pay an initial deposit, followed by a series of monthly payments, which are calculated based on the contract length, retail value of the vehicle and the estimated residual value of the vehicle at the end of the contract.
At the end of the Lease Purchase agreement, you make a final balloon payment and take ownership of the vehicle.
The benefits of a Lease Purchase include a low deposit and monthly payments (not subject to VAT) and ownership of the vehicle at the end of the contract once the final balloon payment has been made.
FleetEurope can provide administrative support for the vehicle throughout the lease purchase agreement, including servicing, maintenance, accident management and breakdown cover.
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Through our competitive tendering service we work in partnership with many of the UK’s leading finance providers to ensure you always receive the most competitive rates available for your company vehicles.
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