Lease Purchase

Lease Purchase is a product designed to decrease monthly payments by shifting a proportion of the finance to the end of the agreement.

How does Lease Purchase work?

Once you have chosen your vehicle, you need to work out how much you can afford as an initial payment, how long you want your agreement to be, and how many miles you drive each year.

This is then used to calculate your monthly payments and final balloon payment.

When your agreement comes to an end you need to pay the final balloon payment in order to keep the vehicle, or trade in your vehicle to contribute towards paying off the balloon payment.

Lease Purchase is different to Solutions PCP as your final payment is not optional, meaning you have less options at the end of your agreement.

The benefits of Lease Purchase

Lower monthly payments

By deferring a chunk of the amount you finance to the end of the contract, it means your monthly payments will be lower than if you spread the whole cost across the months.

You can own the vehicle

When you have made all the repayments, including the final balloon payment at the end of the agreement, then the vehicle is yours to keep and continue enjoying.

Ability to financially plan

As you can break down the cost of a new vehicle into manageable chunks you can plan with confidence for the next 3-5 years.

Would Lease Purchase suit me?

The balloon payment that comes as part of a Lease Purchase agreement suits certain lifestyles, It may be the best option for you if:

You want to defer some of the cost of the vehicle to the end of the agreement

You want to own the vehicle

You want lower monthly repayments

You want to spread the cost of a new vehicle

If Lease Purchase is the right product for you, you now need to find the perfect vehicle!

At Volkswagen Financial Services we work with all the brands of the Volkswagen Group, so you can be sure to find the right vehicle from the range of brands below:

We have pulled together all the information, videos, and tools you need to make an informed decision about the right finance product for you.

EXPLORE OTHER PRODUCTS

Our local retailers are there to answer any questions and give you expert advice on all our products.

GET IN TOUCH WITH A RETAILER

With lots of choice and flexibility, it can be difficult to compare all the products. So we have created some handy content to help you.

Compare finance products

Your browser is not supported.

Lease Purchase is a product designed to decrease monthly payments by shifting a proportion of the finance to the end of the agreement.

How does Lease Purchase work?