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Used Car Leasing

Used Car Leasing

View examples of our best selling used car leasing deals below !!!

available 123 cars
Suzuki Alto

Suzuki Alto

3-4 year old cars from...
£53 36 MONTHS (£318+35x£53 EXC VAT) per month
  • Manual
  • Petrol
Toyota Aygo

Toyota Aygo

3-4 years old cars from...
£58 36 MONTHS (£348+35x£58 EXC VAT) per month
  • Manual
  • Petrol
Vauxhall Corsa

Vauxhall Corsa

3-4 year old cars from...
£58 36 MONTHS (£348+35x£58 EXC VAT) per month
  • Manual
  • Petrol
VW Up

VW Up

3-4 year old cars from...
£64 36 MONTHS (£384+35x£64 EXC VAT) per month
  • Manual
  • Petrol
Fiat 500

Fiat 500

3-4 year old cars from...
£67 36 MONTHS (£402+35x£67 EXC VAT) per month
  • Manual
  • Petrol
Skoda Citigo

Skoda Citigo

3-4 year old cars from...
£67 36 MONTHS (£402+35x£67 EXC VAT) per month
  • Manual
  • Petrol
Kia Picanto

Kia Picanto

3-4 year old cars from...
£68 36 MONTHS (£408+35x£68 EXC VAT) per month
  • Manual
  • Petrol
Citroen C1

Citroen C1

3-4 year old cars from...
£70 36 MONTHS (£420+35x£70 EXC VAT) per month
  • Manual
  • Petrol
Fiat Panda

Fiat Panda

3-4 year old cars from...
£72 36 MONTHS (£432+35x£72 EXC VAT) per month
  • Manual
  • Petrol
Ford Fiesta

Ford Fiesta

3-4 year old cars from...
£72 36 MONTHS (£432+35x£72 EXC VAT) per month
  • Manual
  • Petrol
Ford Ka

Ford Ka

3-4 year old cars from...
£72 36 MONTHS (£432+35x£72 EXC VAT) per month
  • Manual
  • Petrol
Peugeot 108

Peugeot 108

3-4 year old cars from...
£72 36 MONTHS (£432+35x£72 EXC VAT) per month
  • Manual
  • Petrol
Hyundai I10

Hyundai I10

3-4 year old cars from...
£73 36 MONTHS (£438+35x£73 EXC VAT) per month
  • Manual
  • Petrol
Citroen C3

Citroen C3

3-4 year old cars from...
£74 36 MONTHS (£444+35x£74 EXC VAT) per month
  • Manual
  • Petrol
Peugeot 208

Peugeot 208

3-4 year old cars from...
£78 36 MONTHS (£468+35x£78 EXC VAT) per month
  • Manual
  • Petrol
Seat Ibiza Sport Coupe

Seat Ibiza Sport Coupe

3-4 year old cars from...
£80 36 MONTHS (£480+35x£80 EXC VAT) per month
  • Manual
  • Petrol
Smart ForTwo Coupe

Smart ForTwo Coupe

3-4 year old cars from...
£80 36 MONTHS (£480+35x£80 EXC VAT) per month
  • Manual
  • Petrol
VW Beetle

VW Beetle

3-4 years old cars from...
£81 36 MONTHS (£486+35x£81 EXC VAT) per month
  • Manual
  • Diesel
Smart ForFour

Smart ForFour

3-4 year old cars from...
£82 36 MONTHS (£492+35x£82 EXC VAT) per month
  • Manual
  • Petrol
Nissan Micra

Nissan Micra

3-4 year old cars from...
£83 36 MONTHS (£498+35x£83 EXC VAT) per month
  • Manual
  • Petrol
Renault Clio

Renault Clio

3-4 year old cars from...
£83 36 MONTHS (£498+35x£83 EXC VAT) per month
  • Manual
  • Petrol
Citroen DS3

Citroen DS3

3-4 year old cars from...
£86 36 MONTHS (£516+35x£86 EXC VAT) per month
  • Manual
  • Petrol
Vauxhall Adam

Vauxhall Adam

3-4 year old cars from...
£86 36 MONTHS (£516+35x£86 EXC VAT) per month
  • Manual
  • Petrol
Vauxhall Astra Hatchback

Vauxhall Astra Hatchback

3-4 year old cars from...
£86 36 MONTHS (£516+35x£86 EXC VAT) per month
  • Manual
  • Petrol
Toyota Yaris

Toyota Yaris

3-4 year old cars from...
£88 36 MONTHS (£528+35x£88 EXC VAT) per month
  • Manual
  • Petrol
Skoda Fabia

Skoda Fabia

3-4 year old cars from...
£90 36 MONTHS (£540+35x£90 EXC VAT) per month
  • Manual
  • Petrol
Renault Captur

Renault Captur

3-4 year old cars from...
£94 36 MONTHS (£564+35x£94 EXC VAT) per month
  • Manual
  • Petrol
Vauxhall Insignia Saloon

Vauxhall Insignia Saloon

3-4 year old cars from...
£94 36 MONTHS (£564+35x£94 EXC VAT) per month
  • Manual
  • Diesel
VW Polo

VW Polo

3-4 years old cars from...
£94 36 MONTHS (£564+35x£94 EXC VAT) per month
  • Manual
  • Petrol
Nissan Note

Nissan Note

3-4 year old cars from...
£97 36 MONTHS (£582+35x£97 EXC VAT) per month
  • Manual
  • Petrol
Honda Jazz

Honda Jazz

3-4 year old cars from...
£99 36 MONTHS (£594+35x£99 EXC VAT) per month
  • Manual
  • Petrol
Ford Focus (Old model)

Ford Focus (Old model)

3-4 years old cars from...
£101 36 MONTHS (£605.88+35x£101 EXC VAT) per month
  • Manual
  • Petrol
Skoda Yeti Outdoor

Skoda Yeti Outdoor

3-4 year old cars from...
£102 36 MONTHS (£612+35x£102 EXC VAT) per month
  • Manual
  • Diesel
Vauxhall Insignia

Vauxhall Insignia

3-4 years old cars from...
£104 36 MONTHS (£624+35x£104 EXC VAT) per month
  • Manual
  • Diesel
Vauxhall Insignia Sports Tourer

Vauxhall Insignia Sports Tourer

3-4 year old cars from...
£105 36 MONTHS (£630+35x£105 EXC VAT) per month
  • Manual
  • Diesel
Vauxhall Zafira Tourer

Vauxhall Zafira Tourer

3-4 years old cars from...
£110 36 MONTHS (£659.94+35x£110 EXC VAT) per month
  • Manual
  • Diesel
Ford Focus Estate

Ford Focus Estate

3-4 year old cars from...
£110 36 MONTHS (£660+35x£110 EXC VAT) per month
  • Manual
  • Petrol
Mini Hatchback

Mini Hatchback

3-4 years old cars from...
£110 36 MONTHS (£660+35x£110 EXC VAT) per month
  • Manual
  • Petrol
Nissan Juke

Nissan Juke

3-4 year old cars from...
£110 36 MONTHS (£660+35x£110 EXC VAT) per month
  • Manual
  • Petrol
Hyundai I30

Hyundai I30

3-4 year old cars from...
£112 36 MONTHS (£672+35x£112 EXC VAT) per month
  • Manual
  • Diesel
Citroen C4 Cactus

Citroen C4 Cactus

3-4 year old cars from...
£113 36 MONTHS (£678+35x£113 EXC VAT) per month
  • Manual
  • Petrol
Honda Civic (old model)

Honda Civic (old model)

3-4 year old cars from...
£113 36 MONTHS (£678+35x£113 EXC VAT) per month
  • Manual
  • Diesel
Seat Leon Hatchback

Seat Leon Hatchback

3-4 year old cars from...
£113 36 MONTHS (£678+35x£113 EXC VAT) per month
  • Manual
  • Petrol
Peugeot 3008

Peugeot 3008

3-4 year old cars from...
£114 36 MONTHS (£684+35x£114 EXC VAT) per month
  • Manual
  • Petrol
Audi A1 Sportback

Audi A1 Sportback

3-4 year old cars from...
£116 36 MONTHS (£696+35x£116 EXC VAT) per month
  • Manual
  • Petrol
Citroen Grand C4 Picasso

Citroen Grand C4 Picasso

3-4 year old cars from...
£116 36 MONTHS (£696+35x£116 EXC VAT) per month
  • Manual
  • Diesel
Kia Carens

Kia Carens

3-4 year old cars from...
£116 36 MONTHS (£696+35x£116 EXC VAT) per month
  • Manual
  • Diesel
Peugeot 308 Hatchback

Peugeot 308 Hatchback

3-4 year old cars from...
£116 36 MONTHS (£696+35x£116 EXC VAT) per month
  • Manual
  • Petrol
Skoda Octavia

Skoda Octavia

3-4 year old cars from...
£116 36 MONTHS (£696+35x£116 EXC VAT) per month
  • Manual
  • Petrol
Volvo V40

Volvo V40

3-4 years old cars from...
£117 36 MONTHS (£702+35x£117 EXC VAT) per month
  • Manual
  • Diesel
Alfa Romeo Mito

Alfa Romeo Mito

3-4 year old cars from...
£119 36 MONTHS (£714+35x£119 EXC VAT) per month
  • Manual
  • Petrol
Ford Ecosport

Ford Ecosport

3-4 year old cars from...
£119 36 MONTHS (£714+35x£119 EXC VAT) per month
  • Manual
  • Petrol
Skoda Octavia Estate

Skoda Octavia Estate

3-4 year old cars from...
£120 36 MONTHS (£720+35x£120 EXC VAT) per month
  • Manual
  • Diesel
VW Golf Estate

VW Golf Estate

3-4 year old cars from...
£120 36 MONTHS (£720+35x£120 EXC VAT) per month
  • Manual
  • Diesel
VW Golf

VW Golf

3-4 year old cars from...
£125 36 MONTHS (£750+35x£125 EXC VAT) per month
  • Manual
  • Diesel
Hyundai I40 Tourer

Hyundai I40 Tourer

3-4 year old cars from...
£126 36 MONTHS (£756+35x£126 EXC VAT) per month
  • Manual
  • Diesel
Ford Mondeo Hatchback

Ford Mondeo Hatchback

3-4 year old cars from...
£128 36 MONTHS (£768+35x£128 EXC VAT) per month
  • Manual
  • Diesel
Audi A4 Saloon

Audi A4 Saloon

3-4 years old cars from...
£129 36 MONTHS (£774+35x£129 EXC VAT) per month
  • Manual
  • Diesel
Audi A3 Sportback

Audi A3 Sportback

3-4 years old cars from...
£132 36 MONTHS (£792+35x£132 EXC VAT) per month
  • Manual
  • Diesel
Ford Mondeo Estate

Ford Mondeo Estate

3-4 year old cars from...
£132 36 MONTHS (£792+35x£132 EXC VAT) per month
  • Manual
  • Diesel
Hyundai IX35

Hyundai IX35

3-4 year old cars from...
£132 36 MONTHS (£792+35x£132 EXC VAT) per month
  • Manual
  • Diesel
BMW 3-Series Saloon

BMW 3-Series Saloon

3-4 years old cars from...
£133 36 MONTHS (£798+35x£133 EXC VAT) per month
  • Manual
  • Diesel
Mini Convertible

Mini Convertible

3-4 year old cars from...
£135 36 MONTHS (£810+35x£135 EXC VAT) per month
  • Manual
  • Petrol
VW Passat Estate

VW Passat Estate

3-4 year old cars from...
£138 36 MONTHS (£828+35x£138 EXC VAT) per month
  • Manual
  • Diesel
Jeep Renegade

Jeep Renegade

3-4 year old cars from...
£139 36 MONTHS (£834+35x£139 EXC VAT) per month
  • Manual
  • Diesel
VW Passat

VW Passat

3-4 year old cars from...
£139 36 MONTHS (£834+35x£139 EXC VAT) per month
  • Manual
  • Diesel
Nissan Qashqai

Nissan Qashqai

3-4 year old cars from...
£140 36 MONTHS (£840+35x£140 EXC VAT) per month
  • Manual
  • Petrol
VW Scirocco

VW Scirocco

3-4 year old cars from...
£140 36 MONTHS (£840+35x£140 EXC VAT) per month
  • Manual
  • Petrol
Mazda 6 Saloon

Mazda 6 Saloon

3-4 year old cars from...
£143 36 MONTHS (£858+35x£143 EXC VAT) per month
  • Manual
  • Diesel
Mazda 6 Tourer

Mazda 6 Tourer

3-4 year old cars from...
£143 36 MONTHS (£858+35x£143 EXC VAT) per month
  • Manual
  • Diesel
Suzuki Vitara

Suzuki Vitara

3-4 year old cars from...
£143 36 MONTHS (£858+35x£143 EXC VAT) per month
  • Manual
  • Petrol
Mini Countryman

Mini Countryman

3-4 year old cars from...
£145 36 MONTHS (£870+35x£145 EXC VAT) per month
  • Manual
  • Petrol
Kia Sportage

Kia Sportage

3-4 year old cars from...
£146 36 MONTHS (£876+35x£146 EXC VAT) per month
  • Manual
  • Petrol
Audi A4 Avant

Audi A4 Avant

3-4 year old cars from...
£147 36 MONTHS (£882+35x£147 EXC VAT) per month
  • Manual
  • Diesel
Seat Alhambra

Seat Alhambra

3-4 year old cars from...
£147 36 MONTHS (£882+35x£147 EXC VAT) per month
  • Manual
  • Petrol
VW Golf Cabriolet

VW Golf Cabriolet

3-4 year old cars from...
£147 36 MONTHS (£882+35x£147 EXC VAT) per month
  • Manual
  • Petrol
Mercedes A-Class

Mercedes A-Class

3-4 years old cars from...
£150 36 MONTHS (£900+35x£150 EXC VAT) per month
  • Manual
  • Diesel
Ford Kuga

Ford Kuga

3-4 year old cars from...
£151 36 MONTHS (£906+35x£151 EXC VAT) per month
  • Manual
  • Diesel
Mercedes C-Class Coupe

Mercedes C-Class Coupe

3-4 years old cars from...
£157 36 MONTHS (£942+35x£157 EXC VAT) per month
  • Manual
  • Diesel
Mercedes C-Class Saloon

Mercedes C-Class Saloon

3-4 years old cars from...
£157 36 MONTHS (£942+35x£157 EXC VAT) per month
  • Manual
  • Diesel
BMW 4-Series Convertible

BMW 4-Series Convertible

3-4 year old cars from...
£162 36 MONTHS (£972+35x£162 EXC VAT) per month
  • Manual
  • Petrol
Honda CR-V

Honda CR-V

3-4 year old cars from...
£164 36 MONTHS (£984+35x£164 EXC VAT) per month
  • Manual
  • Diesel
Mazda CX-5

Mazda CX-5

3-4 year old cars from...
£164 36 MONTHS (£984+35x£164 EXC VAT) per month
  • Manual
  • Diesel
Mercedes C-Class Estate

Mercedes C-Class Estate

3-4 years old cars from...
£164 36 MONTHS (£984+35x£164 EXC VAT) per month
  • Automatic
  • Diesel
VW Touran

VW Touran

3-4 year old cars from...
£165 36 MONTHS (£990+35x£165 EXC VAT) per month
  • Manual
  • Diesel
BMW X1

BMW X1

3-4 year old cars from...
£166 36 MONTHS (£996+35x£166 EXC VAT) per month
  • Manual
  • Petrol
Ford S-Max

Ford S-Max

3-4 year old cars from...
£167 36 MONTHS (£1002+35x£167 EXC VAT) per month
  • Manual
  • Diesel
Lexus IS300

Lexus IS300

3-4 year old cars from...
£171 36 MONTHS (£1026+35x£171 EXC VAT) per month
  • Automatic
  • Petrol
VW Tiguan

VW Tiguan

3-4 years old cars from...
£179 36 MONTHS (£1074+35x£179 EXC VAT) per month
  • Manual
  • Diesel
Ford Galaxy

Ford Galaxy

3-4 year old cars from...
£181 36 MONTHS (£1086+35x£181 EXC VAT) per month
  • Manual
  • Diesel
Nissan X-Trail

Nissan X-Trail

3-4 year old cars from...
£181 36 MONTHS (£1086+35x£181 EXC VAT) per month
  • Manual
  • Diesel
BMW Z4 Roadster

BMW Z4 Roadster

3-4 years old cars from...
£182 36 MONTHS (£1092+35x£182 EXC VAT) per month
  • Manual
  • Petrol
BMW 5-Series Saloon

BMW 5-Series Saloon

3-4 years old cars from...
£183 36 MONTHS (£1098+35x£183 EXC VAT) per month
  • Automatic
  • Diesel
Audi A5 Sportback

Audi A5 Sportback

3-4 year old cars from...
£183 36 MONTHS (£1098+35x£183 EXC VAT) per month
  • Manual
  • Diesel
Renault Kadjar

Renault Kadjar

3-4 year old cars from...
£183 36 MONTHS (£1098+35x£183 EXC VAT) per month
  • Manual
  • Petrol
Jaguar XF

Jaguar XF

3-4 years old cars from...
£184 36 MONTHS (£1104+35x£184 EXC VAT) per month
  • Automatic
  • Diesel
Lexus CT

Lexus CT

3-4 year old cars from...
£189 36 MONTHS (£1134+35x£189 EXC VAT) per month
  • Automatic
  • Petrol
Toyota Rav4

Toyota Rav4

3-4 year old cars from...
£189 36 MONTHS (£1134+35x£189 EXC VAT) per month
  • Manual
  • Petrol
Audi Q3

Audi Q3

3-4 year old cars from...
£190 36 MONTHS (£1140+35x£190 EXC VAT) per month
  • Manual
  • Petrol
BMW 4-Series Coupe

BMW 4-Series Coupe

3-4 years old cars from...
£195 36 MONTHS (£1170+35x£195 EXC VAT) per month
  • Manual
  • Diesel
Hyundai I800

Hyundai I800

3-4 year old cars from...
£199 36 MONTHS (£1194+35x£199 EXC VAT) per month
  • Manual
  • Diesel
Toyota GT86

Toyota GT86

3-4 year old cars from...
£199 36 MONTHS (£1194+35x£199 EXC VAT) per month
  • Manual
  • Petrol
Jaguar XE

Jaguar XE

3-4 year old cars from...
£200 36 MONTHS (£1200+35x£200 EXC VAT) per month
  • Manual
  • Diesel
Mercedes CLA Coupe

Mercedes CLA Coupe

3-4 year old cars from...
£200 36 MONTHS (£1200+35x£200 EXC VAT) per month
  • Manual
  • Petrol
Audi TT Roadster

Audi TT Roadster

3-4 years old cars from...
£203 36 MONTHS (£1218+35x£203 EXC VAT) per month
  • Manual
  • Petrol
BMW X3

BMW X3

3-4 years old cars from...
£209 36 MONTHS (£1254+35x£209 EXC VAT) per month
  • Automatic
  • Diesel
Volvo XC60

Volvo XC60

3-4 years old cars from...
£211 36 MONTHS (£1266+35x£211 EXC VAT) per month
  • Automatic
  • Diesel
Audi TT Coupe

Audi TT Coupe

3-4 year old cars from...
£212 36 MONTHS (£1272+35x£212 EXC VAT) per month
  • Manual
  • Petrol
Audi A5 Cabriolet

Audi A5 Cabriolet

3-4 year old cars from...
£219 36 MONTHS (£1314+35x£219 EXC VAT) per month
  • Manual
  • Petrol
Hyundai Santa Fe

Hyundai Santa Fe

3-4 year old cars from...
£226 36 MONTHS (£1356+35x£226 EXC VAT) per month
  • Manual
  • Diesel
Audi Q5

Audi Q5

3-4 year old cars from...
£238 36 MONTHS (£1428+35x£238 EXC VAT) per month
  • Manual
  • Diesel
Mercedes E-Class Cabriolet

Mercedes E-Class Cabriolet

3-4 years old cars from...
£254 36 MONTHS (£1524+35x£254 EXC VAT) per month
  • Automatic
  • Diesel
Land Rover Range Rover Evoque Hatch

Land Rover Range Rover Evoque Hatch

3-4 year old cars from...
£256 36 MONTHS (£1536+35x£256 EXC VAT) per month
  • Manual
  • Diesel
Lexus NX300h

Lexus NX300h

3-4 year old cars from...
£269 36 MONTHS (£1614+35x£269 EXC VAT) per month
  • Automatic
  • Petrol
BMW X5

BMW X5

3-4 year old cars from...
£305 36 MONTHS (£1830+35x£305 EXC VAT) per month
  • Automatic
  • Diesel
Porsche Cayenne

Porsche Cayenne

3-4 year old cars from...
£320 36 MONTHS (£1920+35x£320 EXC VAT) per month
  • Manual
  • Petrol
Maserati Ghibli

Maserati Ghibli

3-4 years old cars from...
£336 36 MONTHS (£2016+35x£336 EXC VAT) per month
  • Automatic
  • Diesel
Volvo XC90

Volvo XC90

3-4 year old cars from...
£345 36 MONTHS (£2070+35x£345 EXC VAT) per month
  • Automatic
  • Diesel
Lexus RX450h

Lexus RX450h

3-4 year old cars from...
£346 36 MONTHS (£2076+35x£346 EXC VAT) per month
  • Automatic
  • Petrol
Porsche Boxster

Porsche Boxster

3-4 year old cars from...
£377 36 MONTHS (£2262+35x£377 EXC VAT) per month
  • Manual
  • Petrol
Land Rover Range Rover Sport

Land Rover Range Rover Sport

3-4 year old cars from...
£391 36 MONTHS (£2346+35x£391 EXC VAT) per month
  • Automatic
  • Diesel
Jaguar F-Type Coupe

Jaguar F-Type Coupe

3-4 years old cars from...
£455 36 MONTHS (£2730+35x£455 EXC VAT) per month
  • Automatic
  • Petrol
Jaguar F-Type Convertible

Jaguar F-Type Convertible

3-4 years old cars from...
£503 36 MONTHS (£3018+35x£503 EXC VAT) per month
  • Automatic
  • Petrol

Used car leasing from Lease World Ltd

Used Car Leasing from Lease World

Sample vehicles showing our used lease examples based on a representative 7.9% APR.

Lease used cars and get more motor for your money…

  • Save money – used vehicles are usually much cheaper than the equivalent new vehicle lease.
  • Available on Personal Contract Purchase (PCP), Lease Purchase (LP) and Hire Purchase (HP).
  • 12-60 month lease duration depending on vehicle age and mileage.
  • Choice of warranties for added peace of mind.

 

On a PCP or LP a car can be no older than 8 years old when the lease expires [i.e you can lease a 3 year old car on a 60 month lease] On HP a car can be no older than 14 years old when the lease expires.

Here’s the best bit…….  We will search reputable suppliers within a 50 mile radius of you and email you our best finance deal on the model of vehicle you would like.  If there are no value vehicles within this region we may look further afield.

Alternatively go online and look at dealer/trader sales for example in the auto trader to find your next car …that’s what I did with the representative used car lease examples you can see above.  

Be sure to only look at reputable garages and only vehicles with no damage and reasonable mileage.  

It is advisable that you choose a vehicle that is not too far away to make the best use of any warranty offered and reduction on collection/delivery time, effort and possibly cost.

Whilst we only offer quotations for vehicles from reputable dealers we recommend where possible that you view and check any used vehicle prior to ordering as we cannot be held responsible for third party used vehicle condition or consider a used car warranty.

For peace of mind we can offer you a selection of comprehensive warranties especially geared towards used cars. Find out more about our used car warranty.

Different forms of leasing we offer on used cars

 

Personal Contract Purchase (PCP)

A Personal Contract Purchase (PCP) is a loan secured against the vehicle, where repayments are based on part of the value of the vehicle. The finance company guarantees the minimum the vehicle will be worth at the end of the agreement known as the Guaranteed Minimum Future Value (GMFV) or Optional Final Payment (OFP). This is offset until the end of the agreement. PCP’s can run from 2 to 4 years and repayments are determined by the size of the deposit, how many miles the customer intends to do and the length of the agreement.

Lease Purchase (LP)

On a Lease Purchase (LP) an amount of the total cost of the vehicle will be deferred (estimated future resale value/ residual value) until the end of the agreement. The customer’s monthly payments will be based on the total cost less the deferred amount. The deferred payment must be paid at the end of the agreement to own the vehicle. On a LP agreement the deferred element (residual value/final payment) is estimated based on the vehicle usage, meaning the vehicle could be worth less than the lenders estimation this could result in negative equity. The difference between a Lease Purchase and a Personal Contract Payment PCP is that the deferred payment on a Lease Purchase is an estimate of how much the car maybe worth, whereas on a PCP the Guaranteed Minimum Future value (GMFV) is the minimum the car will be worth and there is no option to return the car.  

Hire Purchase (HP)

Hire Purchase (HP) is a hiring agreement between the customer and the finance company. The loan is secured against the vehicle over a set period between 1 and 5 years, with fixed monthly repayments including interest. During or at the end of agreement (if the balance has been paid in full), they have the option to own the vehicle by paying an additional sum called the Option to Purchase Fee and will then own the title to the car, becoming the legal owner. The customer is the registered keeper of the car and responsible for insuring and maintaining it, but the finance company remains the legal owner until the amount borrowed has been fully repaid.