Car finance and car loans UK

Car finance, car loans, car credit for uk motorists

Lease Purchase

This finance option is similar to hire purchase offering a flexible deposit, flexible repayment periods, and a flexible percentage of the purchase price can be deferred to the end of the agreement (where it differs from a hire purchase). Because part of the price is deferred to the end, the monthly payments are lower than a hire purchase agreement. This can help the company's cashflow whilst getting the same tax and financial benefits as it would from a hire purchase agreement.

The initial deposit is normally paid as monthly payments in advance, thus making cashflow management easier.

At the end of the finance term, there are two options:

• Pay the balloon payment (residual value) as a final lump sum to get ownership of the vehicle
• Part exchange the vehicle and upgrade for a new one.

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The car finance quotes on this site are provided by third party finance companies. UK Car Classifieds makes no guarantees that the finance repayments will be the lowest repayments available. When requesting car finance or a loan for a car, remember that your car may be at risk if you do no keep up loan or finance repayments. See our Car loans and finance - terms and conditions for full details.