what is it?
Hire Purchase, also known as Lease Purchase, is ideal for Business or Private Users who wish to purchase a vehicle, but would like to spread the cost with manageable monthly installments.
With Hire Purchase, there is normally a minimum deposit to pay, and then you can either spread the remaining cost equally over the chosen term, or opt to have a lump sum final payment, often referred to as a "Balloon".
This type of agreement is designed for people requiring ownership, and there is no option of returning the vehicle at the end of the term. Additional features such as maintenance may be available on a standalone basis, but not as part of this agreement. |
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how does it work?
The process for buying a vehicle on Hire Purchase is simple. First decide on the make/model of vehicle(s) required. Then decide on the term of agreement (usually 2 to 5 years). We'll then provide a quotation allowing you to spread the total cost, either with or without a final lump sum payment. |
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why Concept Vehicle Leasing? - Established, Experienced Leasing Provider with a reputation for impartial advice and Service Excellence
- All Makes & Models (Cars and Commercials)
- Direct funding from major Banks and Leasing Companies, assuring you of the Best rates
- Dedicated Account Management
- UK Nationwide Service Provision
- BVRLA Accredited Member
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key features
- Improved Cashflow - Spread the cost of purchasing a vehicle without using your own cash
- Flexiblity - with fixed regular payments over 2 to 5 years.
- Fixed Interest Rates - Secure today's interest rates knowing that you are protected from future fluctuations
- Tax Efficient - Claim Capital Allowances on the purchase of the vehicle
- Ownership - Title will pass to you once all payments have been made
- VAT - Ideal for Business Users who are unable to recover VAT
- Hassle Free - Road Tax usually included for the first 12 months, and Free UK Nationwide Delivery on all new vehicles
- FREE Essential Accident Assist
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