Contract Purchase
A vehicle funding solution for businesses who prefer the option of ownership
Overview
Grosvenor’s Contract Purchase is a flexible financing solution that allows businesses to acquire vehicles with the option to own them at the end of the agreed term.
Contract Purchase
Key Benefits
Fixed monthly costs for easier budgeting and cash flow management
The freedom to choose whether to own the vehicle, hand it back, or part-exchange at the end of the term
A bespoke Contract Purchase agreement that suits your specific requirements
Our Solution
Grosvenor’s Contract Purchase is a tailored finance arrangement designed to meet the unique needs of your business. With this solution, your company makes fixed monthly payments for the duration of the contract, typically ranging from 2 to 5 years.
At the end of the term, you have the flexibility to decide whether to purchase the vehicle outright by paying the pre-agreed Optional Final Payment (OFP), hand the vehicle back to Grosvenor with nothing further to pay (subject to mileage and condition restrictions), or part-exchange the vehicle and use any equity towards a new contract purchase agreement.
Our expert team works closely with you to create a bespoke Contract Purchase agreement that suits your specific requirements, including the choice of vehicle, contract length, and annual mileage allowance. This personalised approach ensures that your company’s vehicle fleet is optimised for your business needs and preferences.
What’s included:
- Flexible contract terms, typically ranging from 2 to 5 years
- Fixed monthly payments for the duration of the contract
- Choice of vehicle from a complete range of makes and models
- Customisable annual mileage allowance
- Option to purchase, hand back, or part-exchange the vehicle at the end of the term
- Comprehensive support services, including maintenance, servicing, and roadside assistance
Benefits:
- Opportunity to benefit from equity if the vehicle is worth more than the Optional Final Payment at the end of the term
- Improved cash flow management through fixed monthly costs
- Flexibility to adapt to changing business needs and preferences
- Peace of mind with comprehensive support services throughout the contract term
Contract Purchase from Grosvenor offers a flexible and cost-effective way for businesses to acquire and manage their company vehicles.
To find out more about how this tailored financing solution can benefit your organisation, contact our leasing and finance team today. 01536 536 536 or email info@grosvenor-leasing.co.uk.
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Ready to transform your fleet?
We would love to hear from you. Please get in touch and a member of our team will contact you to discuss your requirements.
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