Hire Purchase and Lease Purchase
Hire purchase and Lease purchase.
We can arrange a choice of fixed and variable rate schemes to both businesses and private individuals alike.
How does it work?
We can supply you with a vehicle or you can source a car for yourself. You pay a monthly amount for an agreed period until you ultimately own the vehicle. The details of the agreement can be tailored to your needs and budget, based on the larger initial payment and/or final balloon payment, and a range of variable or fixed rate interest plans.
Benefits.
Lower initial outlay than outright cash purchase
Eventual ownership and equity in the vehicle.
A choice of fixed or variable interest rates.
For companies, interest on repayments can usually be offset against taxable profits.
For companies, the vehicle appears on your balance sheet as an asset.