Lease Purchase (LP) | Hinckley & Nuneaton | Research Garage

Lease Purchase (LP)

Combining the traditional ownership benefits of Hire Purchase with the favourable cash flow advantages of leasing.

Key features and benefits:

  • Low initial outlay. Usually 3 or 6 payments in advance.
  • Usually fixed but variable rates are available upon request.
  • No VAT on payments.
  • You can include a final balloon payment at the end of the agreement which simply reduces the monthly payment during the contract.
  • Vehicles are treated as an asset and will therefore appear on your balance sheet.
  • At the end of the agreement, simply pay the balloon payment and you will own the vehicle or you can use it as part exchange for another vehicle.

At Research Garage Group we offer plans that are suited to a variety of motorists and budgets, and we will help you to find the right agreement for you. All our plans are simple and straightforward. We are on hand to guide you through making your decision, and will make sure you fully understand the terms before you sign up.

If you would like to find out more information on the finance options available, contact either of our three dealerships