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HIre Purchase
Hire purchase is similar to lease purchase in that it allows you to buy equipment or assets, pay for them over time, and own them once you have made all the repayments. This is a straightforward, flexible agreement designed to help your cashflow. Often used to purchase vehicles when usually a 10% deposit is required but monthly payments can be reduced by setting a residual value in the vehicle.
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100% tax relief over the term by means of capital allowance benefits |
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Monthly or Quarterly payments |
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Fixed or Variable interest rates |
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No capital budget outlay |
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Unsecured facility leaving bank facilities available for other projects |
 
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