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Independent Cars Ltd
Hydra Business Park
Nether Lane
Sheffield S35 9ZX
08454 303020
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 Lease Purchase
Lease purchase is a method of financing a vehicle, the monthly rental is determined by the cost of the vehicle, the period and the estimated future value of the vehicle which is based on the proposed annual mileage.

A payment equivalent to the estimated future value is payable at the end of the contract, when the vehicle becomes the property of the lessee.

Lease Purchase is a cheaper monthly alternative to Hire Purchase due to a ‘ballon’ being built into the end of contract. and is written on a hire purchase agreement with the protections afforded by the consumer credit act.

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