The Vehicle Lease Purchase Agreement serves as a crucial legal instrument in Irish vehicle financing, providing a structured pathway for acquiring vehicles through combined lease and purchase arrangements. It is commonly used by both individuals and businesses seeking to spread the cost of vehicle acquisition while ensuring future ownership. This document type complies with Irish financial services regulations, consumer protection laws, and vehicle legislation, making it suitable for various vehicle types from passenger cars to commercial vehicles. The agreement includes essential provisions for financial terms, maintenance obligations, insurance requirements, and ownership transfer conditions, while incorporating consumer protection measures required under Irish law. It's particularly relevant when parties want to combine the benefits of leasing (lower initial costs, structured payments) with the eventual ownership benefits of a purchase agreement.

1. Parties: Identification of the finance company/lessor and the customer/lessee with full legal names and addresses

2. Background: Context of the agreement, including the customer's desire to acquire the vehicle through lease purchase

3. Definitions: Definitions of key terms used throughout the agreement including 'Vehicle', 'Term', 'Purchase Price', 'Monthly Payments', etc.

4. Agreement to Lease Purchase: Core terms of the lease purchase arrangement including the commitment to lease and eventual purchase

5. Financial Terms: Details of purchase price, deposit, monthly payments, interest rate, and total amount payable

6. Payment Terms: Payment schedule, method of payment, and consequences of late or missed payments

7. Vehicle Details and Delivery: Specific details of the vehicle, condition at delivery, and delivery arrangements

8. Title and Registration: Ownership status during lease period and conditions for transfer of title

9. Use and Maintenance: Requirements for vehicle usage, maintenance obligations, and mileage restrictions

10. Insurance Requirements: Mandatory insurance coverage and requirements throughout the lease term

11. Warranties and Representations: Warranties regarding the vehicle and representations by both parties

12. Default and Remedies: Events of default and available remedies for both parties

13. Termination: Conditions and procedures for early termination or completion of the agreement

14. General Provisions: Standard legal provisions including notices, amendments, governing law, and jurisdiction