Hire Purchase
Hire Purchase offers a straightforward way to spread the cost of your new equipment. You pay a fixed rate of interest and benefit from fixed payments, making budgeting simple and easy.
You choose the amount of deposit you wish to pay, typically between 10%-50% of the asset price. The remainder of the balance, together with the interest, is repaid over an agreed period (12-60 months).
The benefits of Hire Purchase:
Low deposit - doesn't tie up cash reserves
Control - the asset is yours at the end of the agreement
Fixed payment - makes budgeting simple
Seasonal Profile - repayments tailored to suit your cash flow
Flexibility - doesn't compromise your other lines of credit
Tax benefits - you can claim writing-down allowances and interest may be offset against profits
VAT - you reclaim the VAT on the purchase price and there is no VAT on payments
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Provide us with some information about the equipment you want and we'll send you a personalised quotation. -
On receipt of some details of your business, we will arrange a no-obligation credit facility for you, valid for 90 days. -
We will liaise with your supplier and arrange release of funds in time for delivery
Request A Quote
Tell us what equipment you want and we will provide you with a FREE quotation
