Lease Purchase

Lease Purchase is good for businesses that want to own their vehicles without paying large amounts of cash up-front. Monthly rentals can also be managed by selecting an initial deposit and balloon payment to suit your circumstances.

With Lease Purchase vehicles appear on your balance sheet as a fixed asset and depreciate over the period of the agreement. This means that costs can be offset against the profits of your business. This also means that your business takes the risk that the value of the vehicle may be less at the end of the agreement than the balloon payment.

Lease Purchase is often used for higher value vehicles that are likely to hold their value well over time.

Things to consider

  • Flexible monthly rentals and balloon payments
  • Own the vehicle at the end of the contract period
  • On balance sheet funding can be tax efficient
  • Less usage restrictions than with Contract Hire

You might also be interested in...

Our comprehensive Duty of Care solutions that help you to both measure and mitigate risk across your fleet operations.

  • Best practice risk assessment
  • Policy and process design expertise
  • Accurate and detailed audit trails
Learn More

Bridle Blog

New Mobile Phone Use Penalties

If recent media reports are to be believed, the dramatic increase in penalties for using a handheld phone while driving have not put people off making


Speeding Fines

Despite the 7,500 road casualties reported each year where speed is a contributory factor, and the number of speeding offences rising by 44% in the la


Summer Driving

While this summer has delivered mixed blessings in terms of weather so far, the few hot days we have had highlighted some of the potential hazards tha