The traditional method to purchase plant and machinery, with ownership at the end of the finance period. Secured on the asset being funded, a Hire Purchase contract is the ideal way to purchase an asset without using your own cash reserves. The repayments are made either monthly or quarterly and we can offer both a Fixed Rate or Variable Rate contract, each of which has their own useful characteristics, depending on the deal structure and type of asset you are purchasing.
Ideal for those who would prefer to spread the VAT, are not VAT registered or where ownership isn’t necessary. A finance lease is whereby a finance provider purchases the asset on your behalf and essentially leases the asset back to you, allowing you to benefit from the use of the asset for the term of the contract, and beyond should you wish.