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Hire Purchase

For companies looking to buy equipment, machinery or vehicles, hire purchase provides a flexible and cost effective alternative to overdraft or bank loan funding.

Benefits of Hire Purchase or Lease Purchase as it is sometimes known.
  • Repayments can be matched to the pattern of your cash flow

  • Choice of fixed or variable rate funding

  • You can claim capital allowances on the equipment

  • Title in the goods passes to you at the end of the agreement

  • The interest element of the payments is tax deductible

  • VAT is immediately recoverable on the whole purchase price (except in the case of cars)

  • Simple, clear documentation
By using Hire Purchase to finance your machinery and vehicles, we can demonstrate how it will provide immediate cashflow benefits to help you grow your business.