..final payment under a lease-purchase scheme is calculated when the buyer takes out the loan, and is based on assumptions about deprecation and usage. Usually affording the individual the option of selling their purchase, in order to settle the debt. If the depreciation is greater than predicted, however, the second-hand price may not cover the money outstanding.
There are no official figures for the number of items bought using lease purchase, although the loans are included in data for hire-purchase agreements. This is another sort of loan where a deposit is paid and monthly payments made until the debt is cleared. There is no final “balloon” payment.
Noting within a financial year, the fluctuation in percentage costs – purchase, re-financing / loans attributed to industry sectors. Taking into consideration, the number of new schemes, furnished by the same / hybrid finance schemes..according to figures published by the ‘FLA -Finance Leasing Association’.