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Cashflow is the lifeblood of your business, so when it comes to capital purchases such as cars, hire purchase (also known as ‘lease purchase’) could be the solution for you.
We can often arrange hire purchase within 24 hours**, since additional security is not something we usually need.
Why hire purchase?
- You can take delivery of the cars you need immediately
- You can spread the cost over 24–84 months
- We can finance up to 100% of the purchase price**, with the option to defer the VAT
- Budgeting is easy; we can tailor repayments to suit your cash flow
- You can pitch repayments at a level that suits your cashflow and the depreciation of the cars
- You can choose to own the cars at the end of the term with a nominal final payment.
Who's it for?
From a single vehicle to a fleet for a sales force, hire purchase can be right for any size of business that doesn’t want to deplete its cash reserves.
It’s also tax-efficient: the interest is tax-deductible and you can claim capital allowances on the cars immediately.
Read more
Download our hire purchase factsheet***
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