Enjoy low monthly payments by deferring a significant proportion of credit to the end of the agreement, with no annual mileage limit.
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.
HOW IT WORKS
• 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
2) Part exchange the vehicle subject to settlement of your existing finance agreement; new finance agreements are subject to status.
WHAT YOU WILL PAY
• 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
Watch the product video or download our Car product eBook for more information.
Finance is subject to status and is only available to UK residents aged 18 and over. Finance provided by Black Horse Limited, St William House, Tresillian Terrace, Cardiff CF10 5BH.
Black Horse Limited Registered in England and Wales with registered number 661204.
Registered Office: 25 Gresham Street, London EC2V 7HN