Contract Purchase for Businesses

Contract Purchase is the purchase equivalent to Contract Hire. The customer has the option to either return the vehicle at the end of the term, or to pay the balloon payment and retain ownership of the vehicle. If the vehicle is returned then the same conditions and excess mileage charges may apply as in Contract Hire.

Benefits of Contract Purchase

Contract Purchase is usually seen as beneficial to businesses wanting higher value vehicles, and to business who requires a vehicle to have a longer working life than the length of the contract purchase agreement.

If you have any questions regarding contract purchase feel free to email us using our 'ask us a question' form.