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Lease Purchase

Key Features

Vehicle appears on your company balance sheet

Ownership of the vehicle once the contract is complete

Frees up cash to invest in other areas of your business

About Lease Purchase

Lease Purchase is a conventional funding facility that has been "outshone" in some respects by more recent products such as Contract Purchase or Personal Contract Purchase. Nevertheless, traditional Lease Purchase still has a number of strong advantages for some customers.

Lease Purchase is ideal for non-VAT registered companies that require ownership of the vehicle at the end of the contract. Operating your vehicle through a Lease Purchase rather than purchasing outright means that you save valuable cash which you can then invest in other areas of your business.

By setting a final balloon payment for the end of the contract you are able to significantly reduce the monthly cost of leasing your vehicle. Your ownership of the vehicle will then be complete once the balloon has been paid in full.

As Lease Purchase is a purely funding product, maintenance and other such services are not part of a Lease Purchase agreement.

Should the contract be for a LCV (light commercial vehicle), then the full amount for the VAT on the purchase must be paid upfront. This is a reclaimable payment providing you are a VAT registered business.

Additional Features

Writing down allowances can be claimed against the vehicle which will appear on the your 'Balance Sheet'

As we work with the world's largest fleet management company, we offer our customers the widest possible selection of vehicles, including every make of car on sale in the UK and commercial vehicles (up to 3.5 tonnes)

Road Fund Licence is provided for the first 12 months of the contract, after that Network will continue to organise the RFL for you and then recharge this.

Our most popular business leasing product, fixed monthly costs with no risk in vehicle depreciation.

For businesses wishing to purchase their vehicles without the outlay of cash associated with outright purchase.

Our most popular product for private individuals, this is for those looking to lease a vehicle

For businesses who want to make payments towards vehicle ownership, whilst retaining the option to return it.

A leasing product for business customers who wish to manage their own vehicle depreciation

A conditional purchase product for private individuals; buy the vehicle or decide to hand it back-it's your choice!