Own your asset while spreading the cost
Hire purchase, also known as lease purchase, is a simple repayment facility, where you eventually own the asset at the end of your agreement.
Hire purchase benefits
With Hire Purchase you have total control, and the asset is yours at the end of the agreement.
There is flexibility in your repayments, which makes for easy budgeting. Fixed or variable rate options are available.
There are several Tax Advantages, as normally you can claim writing-down allowances and perhaps capital grants, while repayment interest may be offset against profits and VAT is usually reclaimable
There is great flexibility with this type of asset finance. We can structure it in various ways, with a flexible deposit, fixed payments and perhaps a balloon final lump sum.
Assets you can finance with hire purchase
We can arrange finance for a wide variety of assets incuding, Cars and Vans, Commercial Vehicles, Trucks Buses and Coaches, Plant and Machinery, Agricultural equipment, Construction and materials handling equipment, IT and communications technology.
- Cars and Vans
- Trucks Buses and Coaches
- Plant and Machinery
- Agricultural equipment
- Construction and materials handling equipment
- IT and communications technology