Contract Purchase is a unique financing method that brings together the benefits of both leasing and buying. It provides a flexible solution if you want the risk/reward of owning your fleet without the up-front costs.
The key differentiator is the option to buy the vehicle at the end of the contract. Once the agreement is over, you can choose to return the vehicle, extend the lease, or take ownership by paying a predetermined Option to Purchase Fee or Balloon Payment. This flexibility allows you to make the best decision for your business when the time comes.
Contract Purchase can also offer potential tax and VAT benefits.