The Kia Sportage has evolved from a poorly built and cheap SUV to one of the most stylish crossover SUVs for small families. If you want to own a Sportage but cannot afford its price tag, then a Kia Sportage car lease purchase is a great option.
A lease purchase is similar to a PCP (Personal Contract Purchase) where you have to make fixed payments to the leasing company over the lease term. The payments are calculated based on the estimated residual value of the Sportage. But the main difference between PCP and lease purchase is that in a PCP you have to option to buy the car when your lease term ends while you agree to purchase the car in a lease purchase contract at the time of signing. There is no option to return the car.
Kia Sportage car lease offers individuals and businesses quite a few advantages. For an individual looking to own a vehicle by making small monthly payments over a four or five year term, lease purchase makes good financial sense. It is a great option for companies that look to acquire the vehicle as an asset. The cash outflow is lower as companies are only required to make monthly payments. The tax advantages that a lease purchase agreement offers makes it a popular choice for businesses. The payments appear as off-balance sheet costs and are not liable to be taxed.