Types of car leasing for both business and personal customers...
Finance Options - Finance Lease Purchase
This type of agreement is a pure funding method of spreading the vehicle purchase
value over an extended term. Initial payment requirements are usually lower than
hire purchase and a proportion of the depreciation can be deferred by including
a final balloon payment.
Benefits:
- Fixed monthly payments for the duration of the contract help planning ahead
- Initial payment requirements are generally low
- You can purchase the vehicle at the end of the contract
- A residual value can be included in the lease thereby reducing the monthly payments
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