Hire Purchase
A simple finance solution giving you the benefits of ownership without the capital outlay. You a pay a deposit, then fixed monthly payments over a period that suits. Interest charges are allowable against tax and you can reclaim the VAT at the start of the agreement. The vehicle will appear as an asset on your balance sheet and you will own it once all the payments have been made.
- Hire Purchase Explained
- Key Features
- Flexible Purchase products
- Product Comparison
Hire Purchase explained
Key Features
You own the vehicle
Fixed payments
A flexible deposit and repayment programme
Shows the vehicle as an asset on your balance sheet
Accurate budgeting
VAT fully reclaimable
Tax-writing down allowances available
Interest charges allowable against tax
Balloon payments available
Other ways of financing
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10 Nov 2021
Hire Purchase
A simple finance solution giving you the benefits of ownership without the capital outlay. -
10 Nov 2021
Finance Lease
Offset the lease of your rental vehicles against your taxable profits when you lease vehicles for a fixed period. -
10 Nov 2021
Operating Lease
We take the residual value risk in the vehicle and use it to lower your monthly lease payments. At the end of the agreement, you simply return the vehicle to us -
27 Mar 2023
Flexi-Buy
Scania Flexi-Buy has all the traditional benefits of hire purchase, with the flexibility of an optional annual payment of up to 20% of your remaining balance. -
27 Mar 2023
Freedom
You can take one payment holiday a year of one or two consecutive months. That's up to ten months’ payment holiday over a five-year hire purchase agreement.
SCANIA FINANCIAL SERVICES
DELAWARE DRIVE, TONGWELL, MILTON KEYNES MK15 8HB
+44 1908 487530