If you wish to buy equipment or Machinery outright, hire purchase provides a flexible and cost effective alternative to bank loan or overdraft funding.
Hire Purchase (or lease purchase, as it's also known) can give you the best of both worlds. You get the asset straight away but you can spread the payments over the life of the asset, and you can keep it at the end of the term for a nominal fee.
- With Hire Purchase we can finance up to 100% of the purchase price, with the option to defer the VAT payment
- Payment structure agreed at the outset for easy budgeting
- With Hire Purchase you can buy the asset for a nominal fee at the end of the term
- Repayments can be matched to your cashflow and the depreciation of the asset