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Contract Purchase

The viable alternative to traditional contract hire

Contract Purchase offers all the operational benefits of contract hire. The difference is - you have the option to buy the vehicle at the end of the contract.

With Contract Purchase, you pay a final 'balloon' payment, making you the legal owner of the vehicle. Alternatively, you can return the vehicle to Lex with nothing more to pay.

Benefits to your business

Just like our Contract Hire product, Lex takes care of the operational, managerial and administrative issues - leaving you free to concentrate on your core business. With Contract Purchase, you also get the tax-efficiency benefits of ownership, such as the ability to claim capital allowances.

If your company cannot fully reclaim VAT, Contract Purchase is the ideal solution. It's also particularly suitable for financing the more expensive cars on your fleet (£25,000+). However, retaining ownership of your vehicles could expose you to the risks inherent in maintaining and disposing your fleet. See how your business could avoid problems in the future with Outsourcing.

Take a look at the key features and benefits to see how Contract Purchase can work for you.

All references to taxation, VAT and accounting treatment are subject to confirmation by your own professional advisors.