Specialists in Car Finance
Branching away from dealer finance, or looking into specialised classic and supercar financing? Whatever your next dream car is, we can help fund your ambition.
Discover Car Finance.jpg?width=1200&height=600&name=car%20finance%20top%20tips%20(2).jpg)
Our 5 Top Tips for Car Finance
We know that choosing the right finance for your dream car can be challenging. Here are our top five tips to help you make the best decision.
Read MoreSpecialists in Business Finance
Tailored commercial finance solutions to help businesses expand, invest, and manage cash flow with ease.
Discover Business Finance
Why Use a Commercial Finance Broker?
Whether you're seeking assets, expansion or managing cash flow, a business finance broker can make all the difference.
Read MoreAbout Charles & Dean
From fostering ambition and innovation to building lasting partnerships, we’re committed to leading in motor & commercial finance solutions.
Discover Charles & Dean
Tom Perkins Joins NACFB Board
An exciting milestone for Charles & Dean, Tom has recently been appointed as a Non-Executive Director of the National Association of Commercial Finance Brokers (NACFB).
Read MoreFor high-value, specialist, or classic cars, Lease Purchase strikes the perfect balance between affordability and ownership. At Charles & Dean, we offer specialist guidance to help you navigate its benefits and considerations. Whether you want to preserve cash flow or secure a unique vehicle, Lease Purchase could be the ideal solution.
Apply in 5 Minutes
Explore Multiple Lending Options
Competitive Rates
Connections with Trusted Dealerships
What is Lease Purchase?
Lease Purchase is a car finance option designed for those who want to own their vehicle while benefiting from lower monthly payments.
Make an upfront deposit, typically around 10% or more of the vehicle’s total price. This initial payment helps reduce the overall amount financed.
Pay a set monthly amount over an agreed term. Typically with higher balloon values than Personal Contract Purchase (PCP), Lease Purchase helps reduce monthly costs, making it a cost-effective way to secure your ideal vehicle.
A final lump sum based on the vehicle’s predicted residual value secures full ownership. At this stage, you can either pay off the balloon in full, refinance it (subject to approval), or sell the car and use the proceeds to settle the balance.
Product Suitability
Ideal for high-value, specialist, and classic cars, Lease Purchase allows for higher balloon values than Hire Purchase (HP), reducing monthly costs. Unlike Personal Contract Purchase (PCP), the final payment is not guaranteed, making this a great option for vehicles that hold their value.
However, like any finance option, there are both benefits and drawbacks. Here’s a breakdown to help you make an informed decision:
Lower Monthly Payments A higher balloon value reduces costs, freeing up funds for other personal or business needs.
Fixed Monthly Payments Enjoy predictable, set payments that make budgeting simple and stress-free.
Drive a Higher-Specification Vehicle Lower monthly costs can make a more premium model attainable, giving you access to enhanced features.
No Mileage Restrictions Lease Purchase provides complete flexibility without penalties for exceeding mileage limits, making it ideal for frequent drivers.
Ownership at the End Once the final balloon payment is made, the vehicle is yours outright.
Higher Overall Borrowing Costs Lower monthly payments can mean more interest paid over time, increasing total borrowing costs.
No Guaranteed Future Value (GFV) Unlike PCP, Lease Purchase doesn’t guarantee the car’s residual value, so you can’t return it to clear the balance.
Higher Risk of Negative Equity A higher balloon payment increases the chance of owing more than the car’s value at the end of the term.
Ferrari 488 Pista
£259,000,000
Our extensive panel of lenders ensures you receive tailored, competitive rates for your specific circumstances.
We specialise in structuring agreements that align with your goals, vehicle type, and budget.
Whether it’s a modern classic, vintage car, or racing car, we understand the market and connect you with lenders who do too.
"I’m into my fifth year now with Charles & Dean, with the latest addition being my Ferrari 250 GT. The whole process was dealt with efficiently and with surprisingly palatable numbers.
C&D work with a number of lenders and offer an incredible personal service you won't find anywhere else."
Tom Exton
Ferrari 250 GT
"I have frequent & direct contact with the C&D team. The team does vehicle funding for a living, so I trust them completely when I ask for bespoke advice regarding my future plans.
That customer relationship is something I value very much, which I’ve never had anywhere else."
Will
Porsche Cayman GT4
Blog
Explore our latest articles and updates.
At Charles & Dean, we understand the complexities of financing specialist vehicles and the importance of finding...
Read More
At Charles & Dean, we know that financial circumstances can change, and sometimes, refinancing your car can be a...
Read More
At Charles & Dean, we know that choosing the right car finance can be challenging. Here are our top five tips to...
Read MoreUnlock competitive funding solutions with guidance and support from our specialist team. Fill out the form below, and we’ll be in touch to schedule a call.
