If owning your machinery is important to you then you’ll dig this. You pay a deposit upon purchase and set up payments over installments that make sense to your business ambitions. At the end of the term, your asset is for keeps.
The purchases can be deposit free! VAT only deposits are available which all registered businesses can then claim back. We can also offer VAT deferrals for a set period so payment isn’t due until you decide to claim back. At the end of the term a small ‘option to purchase fee’ is payable then the asset ownership flips to the borrower.
With smaller, monthly payments spread across an agreed period of time, Hire Purchase Keeps capital in the business for more business related funding. With an installment plan of this kind, you can harness your business potential and rid any stress of giant upfront costs.
And, if you’re savvy with your books, you can offset any hire purchase interest against pre-tax income. You can thank us later.