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What is Lease Purchase (LP)?
07/03/2019 Audi Q3 35 SUV 1.5TFSI S line STron Auto7 - £31,166 with cash purchase, or £30,166 including deposit contribution with Audi PCP Finance. APR 5.9% Save 11.7% - £3,985 off list price
06/03/2019 Ford Focus Hatch 1.0T EcoBoost 125 Titanium X 6Spd - £17,910 Save 22.6% - £5,220 off list price
05/03/2019 Mercedes-Benz A180 Hatch AMG Line 7G-DCT Auto - £22,494 Save 17.8% - £4,881 off list price
04/03/2019 Mazda MX-5 Convertible 1.5 SKYACTIV SE-L Nav+ 6Spd - £18,581 with cash purchase, or £16,581 including deposit contribution with Mazda finance APR 4.1% Save 20.3% - £4,214 off list price
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
