A lease purchase – sometimes referred to as a conditional sale – is a type of purchasing arrangement where you become the owner of the vehicle at the end of the agreement.
Lease purchase is one of the less common forms of car finance – PCP is by far and away the most popular – but a lease could still be right for you.
The basic premise involves a deposit, a set number of monthly payments and a final balloon payment whereupon the vehicle becomes yours. We examine the pros and cons of a lease and how to structure it to suit your specific needs.