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.
