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Lease Purchase is similar to a Personal Contract Purchase (PCP) - you can keep your monthly payments lower, by deferring a significant proportion of the amount of credit to the final payment at the end of the agreement, but do not have the option to return the vehicle to Shogun Finance Ltd at the end of the agreement.
Agree an initial deposit and agreement term, your Mitsubishi dealer will then calculate your final payment and confirm your monthly payment and submit an application. Subject to your application being approved, you can just drive your vehicle away.
Part exchange your vehicle for a new one via your Mitsubishi dealer, subject to settlement of your existing finance agreement. New finance agreements are subject to status.
Pay the final lump sum payment to own the vehicle. Lease Purchase is often used by customers and limited companies who don’t want to be bound by mileage restrictions. Lease purchase is only available to limited companies on a non-regulated basis. Please see the glossary for an explanation of regulated and non-regulated agreements. Ask your dealer for a bespoke quotation.
Flexible deposit options – 0% deposit may be available subject to status
Balance (plus fixed interest) pay over a chosen period 2 - 5 years in equal monthly payments
At the end of your chosen period you can part exchange or own the vehicle