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What is Lease Purchase (LP)?
Due to the COVID-19 restrictions, we expect longer lead times for all orders currently and we are not able to offer stock cars for immediate delivery.
Most of our dealers are still able to take orders, subject to the extended lead time. This would ensure you receive the earliest available allocation for your new vehicle.
If you have an existing car on order, delivery may be delayed. The dealer will advise you as soon as a delivery date is possible.
If you have any queries in relation to a new or existing enquiry, please email us - sales@autoebid.com and we will respond as soon as possible.
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
