A Finance Lease is an agreement where the financier owns the vehicle, and the you lease it for an agreed term, at an agreed monthly repayment. When the term concludes, there is a final residual payment you have to pay — after this, the you own the vehicle.
- Fixed-rate finance.
- Option to upgrade and commence a new lease, as the lease expires and new models become available.
- Residual value set to reduce payments.