Lease Purchase is a brilliant way to finance a prestige car with Momentum Finance. Lease Purchase plans are popular simply because they actually allow you to purchase your next luxury vehicle with smaller repayments.
Make a lump sum payment at the start of the contract (which can equate to a few months of repayments). Furthermore, you can expect to make a similar payment once the contract is over. Please be aware of the fact that the payment at the end of the contract can actually vary depending on how many miles the car has been driven. Also the age of the car upon return to the prestige car finance dealer. As well as this, it is important to note that you will actually be able to choose the length of your Lease Purchase agreement.
Firstly, lease purchase finance allows you to purchase your next vehicle with smaller repayments. Secondly LP finance agreements are rather flexible in the sense that the customer will be allowed to choose the length of their contract. Finally, you will have a smaller lump sum at the end of the contract if you stay within the agreed mileage limit because the car will not have depreciated in value too much.
Lease Purchase is ideal for any person who would prefer to own the car once all the repayments have been made, because you won’t have as many flexible options in terms of what you can do once the contract is over. However the benefit is that you will be able to choose how long your contract will run for. LP finance is suited to people who have made the forward planning and are completely certain that they will want to own the car at the end of the contract.
Firstly, LP finance deals for the most part can’t be arranged for older vehicles. This is because the contract will be running for usually at least a couple of years. Therefore once the contract is over the vehicle will have severely depreciated in value if it was already an older vehicle at the start of the contract.
The benefit of LP is that you will actually be able to decide on the length of your own Lease Purchase contract. However you should be aware of the fact that shorter payment plans, usually have higher repayment costs as you have a shorter amount of time to pay the money back to the lender.