Contract Purchase
A versatile vehicle funding solution for businesses that value the long-term option of fleet ownership.
Overview
IFM provides a flexible financing structure that allows your business to acquire vehicles while maintaining the choice of ownership. Our specialist team utilises decades of experience to build tailored agreements that support your specific operational goals.
Contract Purchase
Key benefits
Consistent monthly outgoings to simplify your internal budgeting and protect your company cash flow.
Complete end-of-term freedom allowing you to buy the vehicle, return it, or opt for a part-exchange.
Fully customised agreements designed by our experts to align precisely with your unique fleet requirements.
Our solution:
Our Contract Purchase solution is a refined finance arrangement built to serve the distinct needs of your business. We provide a structured framework where your company makes set monthly payments over a fixed term, which usually spans between 2 and 5 years. This approach ensures your costs remain predictable while you build your fleet.
As you reach the conclusion of the agreement, the decision-making power rests with you. You may choose to take full ownership of the vehicle by paying the pre-agreed Optional Final Payment (OFP). Alternatively, you can return the vehicle to IFM with nothing more to pay, provided mileage and condition standards are met, or part-exchange it to use any accrued equity towards your next agreement.
The IFM team collaborates with you to develop a bespoke Contract Purchase plan. We guide you through selecting the right vehicles, determining the ideal contract duration, and setting accurate annual mileage allowances. This level of detail ensures your fleet remains efficient and perfectly suited to your daily business activities.
We focus on delivering a transparent service that removes the complexity of vehicle acquisition. By balancing professional expertise with a straightforward approach, we help you manage your assets with confidence. Our goal is to keep your business moving by providing a reliable path to vehicle ownership or replacement.
What’s included:
- Adaptable contract durations, generally ranging from 2 to 5 years
- Set monthly instalments for the full length of the agreement
- Access to all makes and models of cars and vans
- Tailored annual mileage limits to suit your usage
- Options to buy, return, or part-exchange the vehicle at the end of the term
- Comprehensive support including maintenance, servicing, and breakdown assistance
Benefits:
- Potential to capitalise on equity if the vehicle value exceeds the Optional Final Payment at the term end
- Enhanced cash flow control through predictable and fixed monthly expenditure
- Versatility to adjust your strategy as your business requirements change
- Reliable assurance provided by our full support services throughout the contract fixed term
IFM’s Contract Purchase delivers a practical and economical method for your business to secure and manage its essential vehicles.
To discuss how this tailored funding solution can support your team, contact our finance specialists today on 01536 536 590 or email info@ifmfleet.co.uk.
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We’re here to help. Get in touch and one of our expert fleet consultants will reach out to discuss how we can tailor our solutions to meet your specific needs.
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