Hire Purchase

A simple finance solution giving you the benefits of ownership without the capital outlay.听You pay a deposit, then fixed monthly payments over a period that听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.

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*听Please note that we are no longer able to offer this product to natural persons (including sole traders and partnerships) in Ireland.

Key features

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You own the vehicle听听听听听听听听听听听听听听听听听听	Fixed payments听听听听听听听听听听听听听听听听听听听听听听	Accurate budgeting听听听听听听听听听听听听听听听听听听听听听听
A flexible deposit and repayment programme	Shows the vehicle as an asset on your balance sheet	Tax-writing down allowances available听听听听听听听听听听
VAT fully reclaimable听听听听听	Interest charges allowable against tax听听听听听听听	Balloon payments available听听听听听听听听听听听听听听听听听听听听听

Hire Purchase explained

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Get in touch if you have any questions about our products and services, or to request a quote.

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FAQS

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

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PRODUCT GUIDE

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

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Our finance products

Hire Purchase

Simple finance solution giving you the benefits of ownership without the capital outlay.

Hire Purchase: Flexi-Buy

Flexi-Buy has all the traditional benefits of hire purchase, with the added flexibility of an optional annual payment of up to 20% of your remaining balance.

Finance Lease

Offset the lease of your rental vehicles against your taxable profits when you lease vehicles for a fixed period.

Hire Purchase: Freedom

Freedom lets you take an annual payment holiday of one or two months on a hire purchase agreement.

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.

Please note that TRATON Financial Services Ireland Limited no longer provides the following products to natural persons (including sole traders and partnerships) in Ireland: Hire Purchase, Finance Lease, Operating Lease, Flexi-Buy and Freedom.听Existing customers that are affected by this change will receive information from us. 听If you think you might be affected, please contact us听or get in touch with your local representative.