Lease Purchase offers all the benefits of Hire Purchase, but with the added flexibility of an optional deferred large sym (balloon) payment. This deferred lump sum can reduce your monthly payment, or reduce your contract length.
LEASE PURCHASE BENEFITS INCLUDE:
HERE'S HOW IT WORKS: STEP 1
You pay an initial deposit followed by a fixed number of monthly payments over an agreed contract period.
HERE'S HOW IT WORKS: STEP 2
Monthly payments can be reduced by making a 'balloon' payment at the end of the agreement.
HERE'S HOW IT WORKS: STEP 3
The amount of the 'balloon' payment has to be set at the beginning of the contract.