 Lease Purchase is similar to Hire Purchase but offers you a variety of advantages.
Like Hire Purchase, you choose your Porsche, pay a low deposit ( normally 10% ) then make the remaining payments at a fixed rate over an agreed period, usually 36 or 48 months. Assuming all the terms of the agreement are met, the car is now yours.
With Lease Purchase you can reduce your monthly payments significantly by choosing a `final balloon payment`. Based on the car`s estimated resale value at the end of the agreement, the `balloon payment` is taken into account when the payments are calculated, making them lower than a traditional Hire Purchase agreement. An essential consideration if you are working to a monthly budget.
At the end of the term you will have the option to part exchange for another car, or make the `final balloon payment` and keep the car.
Lease Purchase monthly payments do not attract VAT making this scheme particularly attractive to non-VAT registered Businesses. All the interest on your payments is allowable against tax.
You can plan your budget with confidence because the interest rate is fixed throughout the agreement. Lease Purchase offers excellent flexibility to get the Porsche you want on terms designed to suit your budget. - Eventual ownership
- Low initial outlay
- Flexible payment pattern
- More capital available for your business
- Interest charges claimable against your tax
- Fixed interest rate
- Writing down allowance
- Balloon payment
- Fixed budgeting
- Finance not subject to VAT
Before making your decision, you may wish to find out more about the full range of financial options available, speak to our sales team.
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