Niche Concept Car Finance

Lease Purchase (LP)


For Personal or non-VAT registered companies who want eventual ownership of the vehicle, ownership is aquired when all the payments have been made.

Lease purchase is a form of Hire purchase, and part of the capital cost can be deferred until the end of the contract. The “Balloon” deferred Payment should equate to the anticipated re-sale of the vehicle when the contract finishes.

*KEY BENEFITS*

- Fixed monthly payments
- Outright ownership on payment of “Balloon” deferred payment
- “Balloon” payment reduces your monthly rentals
- Greater flexibility at the end of the contract

Personal Contract Purchase (PCP)

A variation of lease purchase, but the “Balloon” deferred payment is guaranteed (GFV - Guaranteed Future Value) and you have the option to own at the end of the contract or return the vehicle.

*KEY BENEFITS*

- Low deposit
- Fixed monthly payments
- Option to own the vehicle
- GFV - Guaranteed Future Value payment leads to lower monthly repayments
- More vehicles at your disposal compared to Hire Purchase repayments
- No disposal problems or “balloon” payment risk
- Excellent option for individuals who have opted out of a company car
- Option to re-finance GFV payment at the end of the contract.

Hire Purchase (HP)

The oldest and most traditional method of acquiring a vehicle, other than outright purchase, where you repay the capital cost of the vehicle plus interest over a set period.

*KEY BENEFITS*

- Fixed monthly repayments
- Fixed interest rate
- Keeps savings intact
- Outright ownership
- Consumer Credit Act protection

Out Right Purchase (ORP)

Simply purchase the vehicle and have it delivered to your door.

*KEY BENEFITS*

- Allows you to benefit from the great discounts we can obtain on your behalf