GET the equipment you need
A Hire Purchase Agreement covers all of the same equipment’s types as a lease agreement. The main differences are that any VAT must be paid upfront (VAT deferral is available) and you have ownership of the equipment at the end of the agreement for a small option to purchase fee. Other benefits include:
Rates from 2.4%
Regular fixed monthly payments make it easier to budget and retains working capital
Balloon payments available (subject to asset type) at the end of the term therefore reducing the monthly payment
You may be able to take advantage of Tax Relief on Capital Purchases and offset repayment interest against profits
Providing your company is VAT registered, VAT can be reclaimed on the cost of the asset
Check your eligibility
Perhaps you’re looking to purchase new equipment to increase productivity. Maybe you’re finally turning your passion into your living. Maybe you’re an established business looking to expand. Whatever your ambitions- the first step is to check your elibility. Don’t worry, this check won’t effect your business credit rating.
Very happy with Jordan and the team. Arrange the finance for our equipment quickly and also helped source additional capital finance and loan consolidation
Went above and beyond to get the job done – highly recommended!