A contract purchase agreement gives businesses the option of owning their vehicle at the end of the repayment period, whilst allowing businesses to defer much of the cost until later.
The total cost of a contract purchase arrangement is the difference between the retail price of the new vehicle and its expected value at the end of the agreement (minus the deposit and plus any extra charges). Three choices await you at the end of the deal. You can pay off the Guaranteed Minimum Future Value in a single payment; refinance the final payment to spread the cost over a longer period; or return the vehicle to Lookers Land Rover.
As well as allowing your business to take ownership of the vehicle (or not) at the end of agreement, the guarantee that your vehicle will be worth a certain amount at the end of the agreement ensures that you are protected against a drop in the value of used cars.
The security and flexibility of contract purchase agreements make them an excellent choice for companies that want ownership of prestigious vehicles (such as Land Rovers) without the risk of depreciation or too restrictive a financial commitment.
Head to any of the Lookers Land Rover showrooms, located in Essex (Bishops Stortford, Colchester, Chelmsford), or London (Battersea, Park Royal), call us, or fill in our enquiry form and a member of the Lookers Land Rover Corporate team will gladly assist with any questions you may have regarding Land Rover Contract Purchasing.