Business Lease Purchase

All the benefits of Hire Purchase but with the addition of deferring part of your loan until the end of the agreement.
For all enquiries please contact us on
(01228) 595 939

Lease Purchase for Business

Lease Purchase offers all of the benefits of Hire Purchase but with the addition of deferring part of your loan until the end of the agreement.

This gives you a larger final payment, which is sometimes referred to as a balloon payment.

To do this, we’ll discuss the vehicle you’re buying and base the final payment on how many miles a year you’ll be traveling and what the estimated value of the vehicle will be at the end of your loan.

This has the affect of lowering your monthly repayment and may allow you to buy a newer or more expensive vehicle when compared to a Hire Purchase loan over the same period.

As with Hire Purchase, if you’re purchasing a vehicle which is VAT qualifying, you’ll need to pay the VAT as a deposit at the start of the agreement.

At the end of your loan, if you wish to keep your vehicle you simply have to pay the final payment. We offer our customers the ability to refinance the balloon payment over a period which fits with your monthly budget from 1 to 5 years.

If you decide you want to change your vehicle rather than paying the balloon payment, you can part exchange it and use the value of the vehicle to repay the final payment and any remaining equity can be used as a deposit towards your next vehicle.

We don’t rely on computers to make a decision about your application. Instead, our team of experts combine their years of experience with modern technology to provide a personal, friendly and professional service.

What are the benefits of vehicle finance?

  • Funding your vehicles gives you the ability to spread the cost of your vehicles and allows you to leave working capital available for other business expenses.
  • It allows you to easily manage when you change your company vehicles.
  • You’ll own the vehicle once your final payment has been paid.
  • You have fixed monthly payments and terms.

How can we help?


Speak to us directly or tell your dealership that you want us to arrange your finance. We’ll make the necessary arrangements with them.


Once we’ve approved your application we’ll make sure the paperwork is waiting at the dealership for you. Alternatively you can you can visit our office or call in to any Cumberland Branch.


Once the paperwork has been completed, we’ll pay the balance direct to the dealership in time to collect your new vehicle!

If you want to know more about Lease Purchase or if you’ve seen a vehicle and would like a quote, contact your local team on 01228 595939 or request a quotation.