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What is asset financing?

Hire purchase
Finance leasing
Operating leasing
Leasing glossary

Hire purchase
Advantages

Explanation of the main advantages of hire purchase.


Hire purchase
Hire purchase is a method of funding assets where you will ultimately own the asset. It is also a tax efficient method of acquiring assets where you pay a fixed amount over a specific period to cover the cost of the asset and the interest charges. Financing your assets in this way will enable you to free up capital for your business.

This service is provided to you at competitive rates, where repayments can be tailored to meet your precise needs. For example, a 'balloon' payment can be included that reflects the assumed value of the asset at the end of the agreement. This has the effect of lowering the regular payments you make over the period of the agreement.

Key benefits
Competitive highly attractive interest rates.
Cost efficient you can normally recover the write-off costs and the VAT on the assets. The interest element of the repayments can be offset against taxable profit.
Tailored payments are designed to suit your cash-flow.
Fast fast turnaround times on decisions.
Flexible the option of lower repayments.
Easy we will take care of almost every detail.

 
 
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