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.

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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Answers to frequently asked questions about your finance agreement, updating details and more.


Download your copy of the Hire Purchase product guide that explains the key features of the product. 

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