Lease purchase is really simple. It's like a rental agreement only you own the car at the end of the agreement. A final sum is calculated based on the age and mileage of the car when the agreement is close to expiry. PCP and Lease Purchase differ slightly in that it is optional to pay the deferred sum (GMFV - Guaranteed Minimum Future Value) on a PCP agreement but mandatory on a Lease Purchase agreement.
Whether you know you are looking for lease purchase or you need a little help understanding the different types of finance, get in touch with a member of the team who will be happy to help.
At Instant Car Finance, we are finance experts and can get you a decision within the hour, so you can focus on planning your next adventure or business trip. You might be looking for a family car or maybe this is your first car, whatever the purpose, we will take the time to get to know you and work with you on your finance application.
Once we have the finance in place, we have a huge range of used cars to choose from, so much so we think you will be spoilt for choice. If you can't wait any longer, view our cars online and apply for lease purchase car finance.