Lease Purchase Quotation
DATE: |
March 2014
|
FACILITY: |
Lease Purchase – Balanced Payments Plan Structure |
GOODS: |
Ferrari California New |
COST OF GOODS: |
£146,000.00 |
DEPOSIT: |
£50,500.00 |
AMOUNT FINANCED: |
£90,500.00 |
REPAYMENT PROFILES: |
48 FIXED MONTHLY PAYMENTS OF £1,765.00FOLLOWED BY A FINAL PAYMENT OF £33,000.00 |
FACILITY FEE: |
£350.00 Due with 1st monthly payment |
APR EQUIV: |
5.56% |
The above quotation is based on a Balanced Payments Plan. This is a variable rate deal linked into London Interbank Offer Rate with fixed monthly installments calculated on an assumed base rate. If the interest rates change throughout the course of the agreement the term will also alter to cover any accrued/overpayment of interest on the loan.
The loan is secured against the asset, unless other guarantees are required, in which case they will be specified before proceeding. The above option is specifically for applicants who do more than 2/3rds business mileage, limited companies or high net worth individuals.This is an indication of our terms and is subject to credit status and full underwriting from the finance companies we pass business to.
As part of the credit process a personal search will be carried out with a credit reference agency. Unless you advise otherwise we will take your acceptance of these figures as confirmation you are happy for this to be undertaken.
Please contact us should you require any more information, you wish to change the parameters of the quotation, or you wish to go ahead with a credit proposal.