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Finance Options

Contract Hire Contract Purchase Finance Lease Operating Lease Hire Purchase

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.

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