Companies who want to own their vehicles, but want to avoid the risk of depreciating assets, prefer this option.
- Similar benefits to contract hire regarding fixed payments and flexible terms.
- Maintenance and added value services can be included.
- The finance company guarantees the resale value of the vehicle at the end of the contract purchase agreement for a known, fixed amount.
- Ownership passes to the customer at the end of the agreement when all payments have been made.