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Hire purchase

Spread the cost of purchasing equipment

Key features

hire purchaseHire Purchase

Hire Purchase is an instalment agreement where the hirer agrees to pay the cost of the equipment in regular instalments over a period of time. This instalment covers the principal amount and the interest cost towards the purchase of an asset for the period the asset is utilised. The hirer gets the possession of the asset as soon as the hire purchase agreement is signed and becomes the owner of the equipment after the last payment is made. The hirer has the right to terminate the agreement any time before taking the title or the ownership of the asset.

There are various considerations when deciding whether Hire Purchase or Lease Finance is most suitable for the business.

Finance Leasing offers different benefits and we can advise you on the most appropriate method for your business.

Talk to one of our advisers on the options surrounding hire purchase and other business funding options today. We’re always


How we have helped our clients

Spread the cost of your Tax bills

You can spread the cost of your HMRC Self-Assessment tax bill, Corporation Tax or VAT bills using a easy to arrange solution that will ease any pressure on your cashflow.


Can secure more orders but need to hold more stock.

A client that we have funded vehicles before approached us for a term loan to buy more stock. They are a re seller of mattresses. They have an opportunity to


Read more case studies
We Love A Challenge

Other products to consider

Commercial Mortgages, asset financeAsset Finance

  • Kind to cash flow.
  • Spread cost of expensive assets.
  • Available to all businesses including start ups.
  • Simple application process and fast decisions.

classic car refinance, car financeCar Finance

  • Improve cash flow.
  • Flexible.
  • Upgrade.
  • Competitive rates.

finance leaseFinance Lease

  • Fixed monthly instalments.
  • Spread VAT across term of agreement.
  • Tax efficient.
  • Access expensive assets.

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