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.

Flexible payment structures and fixed monthly repayments

The ability to refinance existing assets

Tax efficient, as assets are treated as ‘own’