Porsche 718 Spyder 2019
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£95,995.00
22/06/2023
Lease Purchase
Business Consultant
Buckinghamshire
The client was introduced to us by an independent car dealer and was looking to purchase a Porsche 718 Spyder.
With a monthly budget of £1,000 we ran a number of quotes for the client based on a Hire Purchase Agreement with a balloon payment ( also known as a Lease Purchase Agreement )
A balloon payment is a lump sum payment which is deferred and falls due at the end of the agreement. The amount of a balloon takes into account the car make and model, age and mileage together with the estimated annual mileage you will do over the term of the agreement.
The client had heard of PCP and wanted to know the difference between PCP and Lease Purchase. The simple difference is that with a Lease Purchase Agreement the final balloon payment is not a guaranteed future value and is your risk.
We were pleased to have been able to arrange prestige car finance for the client and he was able to enjoy his convertible car.
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