So you have just purchased an electric vehicle (EV). The next step to take now is to decide on the type of EV charger to bu read more
What is Lease Purchase (LP)?
01/07/2020 Lexus RX 450h 4wd 3.5h V6 313 F-Sport Takumi E-CVT Auto - Save 12.5% - £7,657 off list price - £55,708 with cash purchase, or £53,708 including deposit contribution - APR 1.9%
01/07/2020 Toyota RAV4 4wd 2.5VVT-h 222 StopStart EU6 Dynamic CVT Auto - Save 12.4% - £4,728 off list price - £33,287
01/07/2020 Jaguar I-PACE 90kWh 400 HSE Auto - Save 7.6% - £5,686 off list price - £69,233 with cash purchase, or £68,709 including deposit contribution APR 5.9%
01/07/2020 Ford Mondeo Estate 2.0 EcoBlue 190 ST-Line Edition Auto8 - Save 12.4% - £4,008 off list price - £28,342
Car Finance refers to finance that is secured on the vehicle, meaning that you do not own the vehicle until you have paid the finance in full and if you miss repayments, the lender might repossess your car.
Car Finance comes in many forms including Personal Contract Purchase (PCP), Hire Purchase (HP), Lease Purchase (LP), and Personal Leasing or Personal Contract Hire (PCH).
These forms can meet different preferences.
Lease Purchase (LP) is explained in further detail in our quick explainer animation below. Don’t forget to visit the MotorPocket YouTube channel for more information on car finance.
https://www.youtube.com/watch?v=7M0upkc-vTA
