What is Lease Purchase?

Motorists purchasing vehicles from Wessex Garages have a number of flexible finance options available to them to ease the process of vehicle purchase. You may wish to purchase a vehicle with us under a Lease Purchase agreement. This is functionally similar to Hire Purchase, but with a greater level of flexibility depending on your own personal circumstances.

The contract begins with an agreed-upon deposit paid by the customer. Following this, monthly payments are calculated and agreed between the customer and the finance operative.

While these payments can remain static, it is also possible to reduce them in order to pay a higher 'balloon' payment at the end of the lease period. Once the process has been completed and all payments on the vehicle have been finalised, the vehicle will be yours to keep.

If you would like more information regarding our finance plans, or would like to make an appointment with us to discuss your options, leave your details with us in the enquiry form below. Our finance experts will get back to you as soon as possible in order to fulfil your request and to agree an appointment time with you.