Hire Purchase
Hire Purchase
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Fair, flexible and trusted hire purchase for assets
Fair, flexible and trusted hire purchase for assets
Hire purchase contracts are a fantastic way to purchase essential equipment and vehicles without using up cash reserves.
With hire purchase agreements, you will own the asset at the end of the finance period. But, rather than pay out a hefty cost immediately, you are paying the cost of the asset monthly or quarterly, spreading the cost with terms that suit your business.
A popular option for many customers, hire purchase agreements are straightforward and flexible. With a wide range of options for structuring your terms, hire purchase is commonly associated with financing hard construction assets such as vehicles, plant and machinery.
Hire purchase offers great value Fixed Rate or Variable Rate contracts. Repayments are made either monthly or quarterly, with a deposit paid upfront or within the initial periodic payments. Your repayment structure can suit your business, with equal monthly repayments, accelerated, seasonal and payment holiday structures considered.
Hire purchase contracts are a fantastic way to purchase essential equipment and vehicles without using up cash reserves.
With hire purchase agreements, you will own the asset at the end of the finance period. But, rather than pay out a hefty cost immediately, you are paying the cost of the asset monthly or quarterly, spreading the cost with terms that suit your business.
A popular option for many customers, hire purchase agreements are straightforward and flexible. With a wide range of options for structuring your terms, hire purchase is commonly associated with financing hard construction assets such as vehicles, plant and machinery.
Hire purchase offers great value Fixed Rate or Variable Rate contracts. Repayments are made either monthly or quarterly, with a deposit paid upfront or within the initial periodic payments. Your repayment structure can suit your business, with equal monthly repayments, accelerated, seasonal and payment holiday structures considered.
Why choose Hire Purchase as your finance type?
Hire purchase can be a favourable option for financing when you’re looking to acquire a costly item without a substantial upfront payment. It allows you to spread the cost over a period, making it more manageable in the short term. Unlike outright purchasing, where a significant amount is usually required upfront, hire purchase typically involves a smaller initial deposit. Another advantage is that you eventually gain ownership of the item once all payments are completed, which can be appealing if you intend to keep it long-term. Additionally, with fixed interest rates and flexible repayment terms, hire purchase offers predictability in monthly payments and can be tailored to fit your budget.
For more information, please click here
- Repayments that suit your business
- VAT options to pay upfront, defer or spread the VAT costs
- Full ownership of the asset at the end of the finance period
Why choose Hire Purchase as your finance type?
Hire purchase can be a favourable option for financing when you’re looking to acquire a costly item without a substantial upfront payment. It allows you to spread the cost over a period, making it more manageable in the short term. Unlike outright purchasing, where a significant amount is usually required upfront, hire purchase typically involves a smaller initial deposit. Another advantage is that you eventually gain ownership of the item once all payments are completed, which can be appealing if you intend to keep it long-term. Additionally, with fixed interest rates and flexible repayment terms, hire purchase offers predictability in monthly payments and can be tailored to fit your budget.
For more information, please click here
- Repayments that suit your business
- VAT options to pay upfront, defer or spread the VAT costs
- Full ownership of the asset at the end of the finance period
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We’ll guide you step by step to find the right finance solution tailored to your needs, ensuring you achieve the best possible terms and outcomes with our personalised approach. From initial assessment to final approval, we’re here to support you at every stage.