What is a lease purchase on cars?

A lease purchase, also known as a conditional sale agreement, is a type of car finance agreement which allows you to spread the cost of a new or used car.

How does lease purchase work?

After paying an initial deposit, you will pay a series of monthly payments across a fixed term. Once all the monthly payments have been made, you will become the legal owner of the car and will not have to make any additional payments as seen with PCP car finance.