Hire Purchase is a very straightforward repayment facility where you ultimately own the asset.


  • Allows you to acquire assets without significant drain on working capital
  • Fixed-rate funding makes budgeting easy as you have certainty of future expenditure
  • Flexibility of repayment structuring is available to allow for seasonal business and to reduce monthly outlay by factoring in a ‘balloon’ payment at the end of the term
  • There is normally a capital allowance available on the asset
  • If your business is VAT registered, you will also be able to claim back the VAT in the price of the asset up front (cars excepted – VAT on cars can only be reclaimed in special circumstances).  Any interest that you pay may also be offset against profits

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