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What is Lease Purchase (LP)?
09/05/2019 Mazda CX-5 SUV 2.0 SKYACTIV-G 165 StopStart EU6 SE-L Nav+ 6Spd - £22,867 with cash purchase, or £21,867 including deposit contribution with Mazda PCP finance APR 4.1% Save 14.6% - £3,733 off list price
08/05/2019 Volkswagen Polo Hatch 5Dr 1.0TSI 95 R-Line - £16,424 with cash purchase, or £15,674 including deposit contribution with VW PCP finance APR 5.2% Save 14.6% - £2,676 off list price
07/05/2019 Citroen Grand C4 SpaceTourer MPV 1.2 PureTech 130 Flair 6Spd - £21,199 Save 26.9% - £7,791 off list price
02/05/2019 Nissan X-Trail SUV FWD 1.3 DIG-T 160 Tekna 5Seat DCT Auto7 - £23,516 Save 24.6% - £7,664 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
