Hire Purchase

More time to repay – Spread the cost life of the asset

Maintain control – You are the owner of the asset for tax purposes and normally claim capital allowances

Less cost – Offset your hire purchase interest and charges against profits before taxation

Save costs – Reclaim VAT on capital cost (special rules apply to cars)

Whether you’re buying vehicles, engineering machinery, construction equipment or other commercial equipment that has a resell value, hire purchase product offer you fixed monthly repayments so you can manage your budget effectively over the repayment term. Plus, when you’ve finished paying, the asset becomes yours.