Finance Options
Hire purchase, also sometimes known as lease purchase, is a popular choice that
gives you ultimate ownership of the asset through payment by regular
instalments. Payments can be structured to fit with your cash flow needs. For
example, regular payments can be reduced by including a final lump sum payment
(sometimes known as a ‘balloon’ payment) which reflects the assumed value of the
asset at the end of the agreement.
Your business can claim the available capital
allowances and offset the interest charges against trading profit.
Hire Purchase
is the typical name given to finance provided via a garage to purchase your next
vehicle on either a new or used vehicle. Lease purchase is one of the most
popular choices for van purchases in the UK. Available to both personal and
business users.