Contract Purchase

For a fixed monthly rental Lookers Leasing can fund and manage your vehicles while you retain the option to fully own the vehicles should you wish.

A contract purchase agreement offers all the benefits of a contract hire agreement yet enables you to retain tax and balance sheet ownership of the vehicle. The risk of depreciation is transferred to Lookers Leasing along with the maintenance, if this is chosen as an option.

Contract purchase is worth considering for vehicles with a capital cost in excess of £25,000 or if, as an organisation, you are restricted from claiming all your VAT.