Car finance option Lease Purchase (LP) is a type of car finance agreement where you can defer some of the total cost to the end of the agreement, called a balloon payment. Unlike with a Personal Contract Purchase agreement, you have to pay the balloon payment at the end of a Lease Purchase finance package.
“I was looking for a car finance package where I wouldn’t have to spend too much on the monthly payments. Being able to defer most of the cost to the end of the deal made the Lease Purchase option the best for me. This way I can enjoy my new car without spending too much each month.”
- Nathan from Stoke-Upon-Trent
We discuss LP in more detail over at our car finance glossary page and include common question and answers on this car finance option, please visit:
Lease Purchase explained.
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