HIRE PURCHASE

A straight forward and traditional repayment method, giving you eventual ownership of the asset. Hire Purchase can be flexible and structured to best suit your business.
A residual payment
A payment holiday
Monthly quarterly payments
Can all be incorporated.

Key Benefits and Features of Hire Purchase

• Ownership of asset at end of agreement
• Writing down allowances for tax benefits
• Fixed or Variable rate agreements (Balance Payment gives you the flexibility of variable rate with a fixed monthly cost)
• VAT reclaimed on cost of asset (Company Cars have specific rules).
• Interest on agreement can usually be offset against tax.
• Balance Sheet funding.