What is LP Finance?
Lease Purchase or Balloon HP offers lower monthly payments than standard Hire Purchase. At the end of the agreement you have the option to make a final lump sum payment (balloon) to purchase the vehicle in full.
At the end of the agreement you have a number of options including vehicle purchase, re-finance, part-exchange or resale. You will have to pay an initial deposit, typically between 5–40% of the vehicle price. The deferred balloon element is calculated on the estimated future value of the vehicle, which is repaid over an agreed period, usually between 1–4 years, plus a final balloon payment.
There is no return option at the end of the agreement so the balloon payment must be paid for, either in cash or via a second finance agreement.
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Lease Purchase LP
With lease purchase vehicles, there is a fixed rate of interest but with lower fixed monthly payments because you defer repayment of some of the borrowing.
Advantages of Lease Purchase:
Low Fixed Monthly Payment
VEHICLES AVAILABLE ON LEASE PURCHASE
No matter what you need help with funding Forza Finance can help
We value Forza Finance customers and appreciate their feedback
Thanks for taking the time and making an effort in finding the right finance package for me. This was an important purchase and Forza displayed both the knowledge and expertise in securing and executing the deal with the minimum of fuss. I would highly recommend their services.
I wanted to get the best finance deal for my purchase and I'm extremely pleased I took my business to Forza. The Lease Purchase product recommended provided a strong residual value and affordable monthly payments. I will be back when I'm looking to buy again.
The number of options and subsequent advice made it easier for me to understand the products and make the best choice for me. Thanks for all your help and I will definitely be recommending you to friends, family and colleagues.
Forza Finance have worked with new client Hillside Leisure, specialists in Motorhomes and Campervans, on their funding solutions. Their first joint customer is now the proud owner of a Stone Blue VW Birchover.
From start to finish very impressed with the finance offered and customer service from Liam second to none would recommend these guys before using dealer finance.
Excellent comprehensive service. Clear and helpful advice, trouble free from start to finish, extremely helpful adviser (Barry Stockwell) and provided clear and timely communication with me the client, the car dealership and the lender. In addition to great customer service, Forza Finance managed to find the best interest rate on the market and provided the most cost effective PCP solution when compared against three other brokers and the car dealership's own finance. Would recommend without reservation. Thank You.