Contract Purchase

......For companies who prefer to keep their options open

Contract Purchase is popular with companies who would like the option or owning a vehicle at the end of their lease or whom are unable to take advantage of the VAT benefits associated with Contract Hire.

This type of agreement operates in a similar way to Contract Hire, with the major difference that companies have the option to buy the vehicle at the end of the term for an amount which is guaranteed at the start of the agreement. This final 'balloon' payment would make you the legal owner of the vehicle, or alternatively the vehicle can be returned to the leasing company with nothing more to pay*. This flexibility gives you the best of both worlds - you can purchase the vehicle if it has held its value well, or return to the leasing company if it hasn't!

You choose the length of contract, normally a minimum of 2 years, ranging up to 5 years. You specify your ideal vehicle choice(s), along with any manufacturer cost options required, and you then decide on how many miles per annum you are likely to travel. Our experienced team will then negotiate the best level of discount with Vehicle Manufacturers and dealerships, and source the best possible Contract Purchase rate from our panel of lenders.. At Concept Vehicle Leasing, we work directly with a number of leading banks and financial leasing companies, to ensure you get the lowest possible Contract Purchase deals every time.

Regular payments are fixed at the start of the lease term, and remain unaffected by changes in the used car market or interest rates. Payments are determined from the original cost of the vehicle, period of use, forecast contract mileage and final 'balloon' payment.

Contract Purchase offers all the operational, managerial and administrative benefits of contract hire, together with the tax-efficiency benefits of ownership, such as the ability to claim capital allowances. Contract Purchase is ideal for companies that cannot fully reclaim VAT.

Road Tax is normally included for at least the first 12 months. Fixed cost Servicing, Maintenance, Repairs, Tyres, Breakdown and a range of other services are also available at a fixed monthly cost, enabling you to budget accurately and in most cases, remove the unexpected headache of a high maintenance or tyre bill!

So, could Contract Purchase be right for you? Here are some of the main Features and Benefits....

Available on Cars only.

*Subject to dilapidation/excess mileage charges.

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Document downloads:

Concept Vehicle Leasing - Brochure (919KB)