Hire Purchase

Also known as a Lease Purchase, Hire Purchase is very similar to a finance lease, except once you get to the end of the fixed term agreement you own the asset.

If it has a wheel at each corner, this might be the facility to use, but it is also used for other “Hard” assets.

Terms are typically 2-5 years, a deposit and Full VAT is paid followed by payments which do not attract VAT.

Any charges can be offset against profits for taxation.

Depending on the asset funded VAT only deposit can be arranged or VAT deferral can also be used to coincide with your VAT return date.

Assets and equipment that are available to be financed via hire purchase include:

Agricultural Equipment

Agricultural Equipment

Buses and Coaches

Buses and Coaches

Cars for Business

Cars for Business

Air Conditioning

Engineering Machinery

Food Processing Equipment

Food Processing Equipment

Industrial Equipment

Industrial Equipment

Industrial Equipment

Mission-Critical Equipment

LCVs and HGVs

LCVs and HGVs

Manufacturing Equipment

Manufacturing Equipment

London Black Cabs and Taxis

London Black Cabs and Taxis

Waste and Recycling Equipment

Waste and Recycling Equipment

Plant and Machinery

Plant and Machinery

Construction Equipment including Scaffolding and Access

Construction Equipment including Scaffolding and Access Equipment

Executive, Luxury, and Super Cars

Executive, Luxury, and Super Cars

Get help acquiring your desired equipment by contacting us. Our hire purchase service is available to commercial customers from across the whole UK.

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