Hire Purchase
After making all payments (including the option to purchase fee), you become the owner of the asset.
Our Hire Purchase (HP) programme offers a flexible and cost-effective solution.
With HP, you can simply spread the cost of purchasing high-quality equipment and vehicles over an agreed period, ensuring that your business is well-equipped for success.
How Hire Purchase Works
Hire Purchase is a straightforward finance option that allows your business to take full ownership of the asset. Here's how it works:
Choose the assets you want
Simply select the equipment or vehicles your business needs.
Agree the term and budgets
We'll work closely with you to establish the terms of your Hire Purchase agreement, including the period involved and the size of your monthly payments.
Acquisition
Once the agreement set-up is finalised, you can gain immediate access to the chosen assets, enabling you to put them to work right away.
Payment
You'll make regular fixed monthly payments over the agreed period, allowing you to manage your budget effectively.
Ownership
Upon completing all payments (including the option to purchase fee), you'll become the outright owner of the asset.
Advantages of Hire Purchase
Hire Purchase offers several advantages that can benefit your business:
Full Ownership
You gain full ownership of the asset once all payments have been received, so you can use the asset beyond the term of the agreement.
Cash flow
By spreading the cost of the asset over time, you can preserve your working capital and maintain a healthy cash flow.
Tailor-made solutions
We tailor payment structures to match your specific business needs and requirements.
Preserves capital
Your existing lines of credit remain untouched and available for other financial commitments or opportunities.
Simple budgeting
Fixed monthly payments simplify your financial planning, making it easier to manage your expenses.
