Contract Purchase is similar to Contract Hire in that you pay a fixed monthly cost to hire the vehicle over a certain period of time. The difference is that you have the option to buy the vehicle at the end of the contract term or hand the vehicle back to the leasing company. Depreciation, funding, administration, road tax and (sometimes) maintenance costs are covered by the monthly fixed cost and, if you decide not to take up the option of purchasing the vehicle, there is no need to dispose of the vehicle at the end of the contract, it is simply returned to the leasing company. This is a great option for customers who want the maximum flexibility in their finance arrangements.
GWA welcomes you to come and discuss this and other financial options with you.
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