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.
Our finance products
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Hire Purchase: Freedom
Freedom lets you take an annual payment holiday of one or two months on a hire purchase agreement. -
Finance Lease
Offset the lease of your rental vehicles against your taxable profits when you lease vehicles for a fixed period. -
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, simply return the vehicle to us. -
Contract Hire
With fixed monthly payments, Scania Financial Service's Contract Hire offers you a peace of mind financing route. -
Hire Purchase
Our Hire Purchase asset finance solutions let you own a Scania vehicle without immediate capital outlay.