Lease Purchase Car Finance
Lease Purchase finance,
structured around ownership.
A finance structure that may suit clients looking for lower monthly payments with a final balloon payment at the end of the agreement.
Final balloon.
Ownership focused.
Lease Purchase may suit clients who intend to own the vehicle and want to structure monthly payments around a final balloon.
A structured agreement with
a final balloon.
Lease Purchase is a vehicle finance agreement where you usually pay an initial deposit, followed by fixed monthly repayments over an agreed term. A final balloon payment is deferred to the end of the agreement.
Preston Edwards Motor Finance works as a credit broker, not a lender. We help introduce clients to suitable Lease Purchase options through our panel of lenders, with clear explanation and discreet communication throughout.
Designed for ownership planning. Lease Purchase may suit clients who intend to own the vehicle and want to structure monthly repayments around a larger final balloon payment.
How Lease Purchase
can work.
The exact structure will depend on the lender, vehicle, deposit, agreement term, final balloon payment and affordability. We help explain the agreement clearly before you decide whether to proceed.
Initial deposit
You usually pay an initial deposit, with the remaining balance structured over the term.
Fixed monthly payments
Monthly payments are agreed at the start and are shaped around the final balloon payment.
Final balloon payment
A larger payment is deferred to the end of the agreement and should be planned for carefully.
Ownership intention
Lease Purchase is usually suited to clients who intend to own the vehicle at the end.
What to consider with
Lease Purchase.
Lease Purchase can suit clients who intend to own the vehicle, but the final balloon payment, vehicle suitability and overall affordability should be considered carefully.
Final payment planning
The final balloon payment should be clearly understood and planned for before entering the agreement.
Monthly budget
Monthly repayments should remain comfortable across the full agreement term.
Agreement term
The length of the agreement can affect monthly payments and the final structure.
Vehicle suitability
Lender criteria, vehicle value, age, mileage and condition can all influence suitability.
How it works
Tell us about
the vehicle
Share a few details about the car you’d like to finance.
We structure
the finance
We approach our specialist lenders to find the right fit.
Read, review
and sign
You review the terms and sign the finance documents.
Collect your
keys
Once completed, you’re ready to collect your vehicle.
Lease Purchase finance
FAQs.
A few common questions about Lease Purchase car finance.
What is Lease Purchase car finance?
Lease Purchase is a vehicle finance agreement with fixed monthly repayments and a final balloon payment deferred to the end of the agreement. It is usually suited to clients who intend to own the vehicle.
Does Lease Purchase include a final balloon payment?
Yes, Lease Purchase normally includes a final balloon payment. This payment should be understood and planned for before entering into the agreement.
Is Lease Purchase suitable for prestige cars?
It can be, subject to status, lender criteria and the vehicle itself. Suitability depends on the vehicle, value, deposit, agreement term, balloon payment and affordability.
Are you a lender?
Preston Edwards Motor Finance is a credit broker, not a lender. We introduce clients to suitable finance options through our panel of lenders.