Contract Purchase

Contract Purchase is a flexible, non-regulated financing solution that serves as a suitable alternative to contract hire, particularly for those who prefer purchase options. It typically provides more significant discounts compared to outright purchases and includes options to buy at the end of the agreement. Contract purchase can include comprehensive servicing and maintenance or be customer-maintained as required.

By offsetting some of the vehicle's depreciation through the option-to-purchase option, you can enjoy reduced monthly payments, thereby improving your cash flow while retaining the option to make a purchase if desired. This makes it a compelling choice for both small and large businesses. The monthly payments, along with the fixed and guaranteed Option to Purchase amount, incorporate VAT.

After the agreement, you have advantageous choices: you can either buy the vehicle outright or part-exchange it for a profit above the pre-agreed purchase price. If the resale value drops below the Option to Purchase figure, you have the option to return the vehicle at the end of the term.

It's important to note that option-to-purchase amounts are calculated based on the vehicle's total mileage at the end of the contract, assuming it will be returned in a condition that reflects fair wear and tear. Returning an item with damage or excessive mileage may incur additional charges. Our team is excited to work with you to create a customised contract purchase agreement that perfectly meets your driving needs and preferences.