Types Of Lease

Let’s forget the term “lease” for the time being and refer to “finance agreements”. The term “lease” often confuses the issue. There are a few different types of finance agreements with differing benefits, for example if you want to own a vehicle at the end then you can. If you don’t want to then that is fine also. We just need to select the correct type of agreement for your purpose and while doing so we must also take into account the age of the vehicle if it isn’t a new one.

Agreements for business customers

Contract Hire
Contract Purchase
Finance Lease
Hire Purchase
Lease Purchase
Sale & Leaseback

Agreements for private individuals

Personal Contract Purchase
Personal Contract Hire

On our web page “Buying V Leasing” we group the agreements into two categories. “Usership” and “Ownership” due to the fact that most purchasers either like to have some ownership of the vehicle (Ownership) or they don’t (Usership).

Let’s look at the features of the most commonly used usership agreements compared to ownership agreements. You will notice that some agreements have the combined benefits of usership and ownership. This way you get the best of both worlds.

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