Having to pay upfront for brand new equipment or machinery can be expensive and impact your cashflow.

With Hire Purchase you have the option to pay for new equipment with manageable amounts over a period of time, or you can unlock the value in your existing assets by refinancing them. Either way you’re able to maintain a stable cashflow and release cash to develop your business.

What is Hire Purchase?

With Hire Purchase you can obtain new equipment or machinery without having to buy it outright. Whether you need to finance hardware or software; machinery, equipment or commercial vehicles, you can have all the benefits of ownership without compromising your cashflow.

How does it work?

We buy the equipment outright on your behalf, so you don’t have to bear the upfront costs. You then repay manageable amounts over a period of time. Unlike with Leasing, at the end of the term the asset is yours.

We offer payment holidays, low deposits and deferred VAT payments, as well as guaranteed early settlements. We can also consolidate your existing hire purchase facilities into a single package.

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Flexible payment structures and fixed monthly repayments

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The ability to refinance existing assets

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Tax efficient, as assets are treated as ‘own’

Key Benefits

Cashflow Friendly

Cashflow Friendly

Easing cashflow pressure at critical times

Flexible

Flexible

Deposits and term lengths to suit your needs

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Certain

Fixed payments over an agreed period

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Diverse

Funding a wide range of hard and soft assets

Personal

Personal

Understanding your clients’ short and long-term needs

“Asset based finance is a longer-term option, making it easier for companies to plan for the future”

Asset Based Finance Association

Is Hire Purchase and re-financing right for you?

Hire Purchase could be exactly what you need if you:

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tick Would like to spread out the cost of buying new equipment or machinery

tick Are an established business and can demonstrate that the repayments are affordable

tick Have assets or need to purchase new ones but need to minimise the impact on your cashflow

tick Would like to structure payments to suit your cashflow

How to improve your cashflow

Want to learn more?

Download our guide to learn more about asset finance.

How to get in touch to get your cash flowing…

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