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Finance at GMG Commercials

When it comes to buying your next vehcicle we can arrange various finance packages including re-financing an existing agreement or tailoring a new package to your specific requirements and budget.

Lease Purchase (LP)

If your end goal is to lease a vehicle for a set time period and you have no intention of purchasing it at the end, then Lease Purchase could be the best option for you. With this contract type, you will essentially lease the car for a fixed period of time, paying off monthly instalments. Once your contract ends, the amount that you have not yet paid off is deferred to a final lump sum (balloon payment) in which, on payment, you will be able to own the vehicle in full. 

Hire Purchase ( HP)

A Hire Purchase Finance contract works in a similar way to Lease Purchase, however the key difference here is the end goal; you will be paying towards owning the car outright. With this type of finance, there are two elements which you will need to pay. Firstly an initial deposit is usually agreed. Secondly, there will be monthly instalments which eventually add up to the full value of the car or vehicle.

 

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