Hire Purchase
A simple finance solution giving you the benefits of ownership without the capital outlay. You 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.
Key features
| You own the vehicle | Fixed payments | Accurate budgeting |
| A flexible deposit and repayment programme | Shows the vehicle as an asset on your balance sheet | Tax-writing down allowances available |
| VAT fully reclaimable | Interest charges allowable against tax | Balloon payments available |
Hire Purchase explained
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FAQS
Answers to frequently asked questions about your finance agreement, updating details and more.
PRODUCT GUIDE
Download your copy of the Hire Purchase product guide that explains the key features of the product.
