Lease Purchase lets you keep monthly repayments lower by deferring a significant proportion of the amount of credit to the final repayment at the end of the agreement. Agree an initial deposit and how long you want the agreement to run for and the dealer will then calculate your final repayment and confirm your regular monthly repayment. The dealer will submit the finance application to us and, subject to your application being approved, you can just drive your car away.


Borrow any amount from £1,000 and set repayments to suit your budget for periods of 2–4 years
Available on new or used cars up to 7 years old at the end of the agreement
Flexible Deposit Options – 0% deposit may be available subject to status

The options at the end of the agreement are:
1) Pay the Final Lump Sum Repayment to own the vehicle or
Part exchange the vehicle subject to settlement of your existing finance agreement; new finance agreements are subject to status.



Ideal if
You like to drive the newest model
You want to keep your monthly repayments lower
You don’t want to be subject to excess mileage clauses

Lower repayments mean you might be able to afford a newer car
Options at the end of the contract to pay the final lump sum repayment and own the vehicle or part exchange, subject to settlement of the existing finance (new finance subject to status)
No Mileage Restrictions
Protection under the Consumer Credit Act Termination Rights and Protection under the Consumer Rights Act

Things to consider
You must have fully comprehensive insurance
You do not own the vehicle until the final repayment including interest has been made
Your vehicle is at risk of repossession if you do not maintain contractual repayments
A significant proportion of the credit is deferred until the end of the agreement; you should prepare for this

Lease Purchase

Watch the product video or download our Car product eBook for more information.