Contract Purchase

As a conditional sale agreement, Contract Purchase is an on balance sheet method of car leasing, where you purchase the vehicle at the end of the contract by making a ‘balloon’ payment.

Alternatively, we can buy the vehicle back at the balloon value and remove any risk on the residual value.

If your company is restricted in the amount of VAT it is able to reclaim, Contract Purchase could be the ideal product for you.

• On balance sheet funding
• Fixed repayments
• No VAT attracted to rental costs
• Takes advantage of Lex Autolease's purchasing
• Reduced administration
• Support services are available including fuel cards, Accident Management, and full Breakdown Recovery