The fixed cost way to buy assets
Contract purchase fixes your monthly payments and offers you flexible terms. This type of finance gives you the opportunity to either retain or return the asset at the end of the agreement*.
Contract purchase benefits
- Fixed monthly payments - budgeting is easier when you know the costs in advance
- Flexible agreement terms - variable terms and mileage available
- Optional maintenance and added value services - can be included in the agreement for certain assets
- Guaranteed resale value - we will fix an asset resale value to take effect at the end of the agreement
- Full ownership at end of contract - you own the asset once all payments have been made
This finance may be preferable if you want to own your asset, yet avoid the risk of depreciating assets. A guaranteed residual value helps improve your cash flow during the agreement while making the asset cost effective to buy.
Assets you can finance with contract purchase
- Cars and vans
- HGVs
- Buses and coaches
- Plant and machinery
- Agricultural equipment
- Construction and materials handling equipment
Lombard also offers marine finance, contract hire, technology service and much more.
* Subject to agency fee for the return of the asset
