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Hire Purchase truck illustration

Hire Purchase

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

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You own the vehicleÌý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý ÌýFixed paymentsÌý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý ÌýAccurate budgetingÌý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
A flexible deposit and repayment programmeShows the vehicle as an asset on your balance sheetTax-writing down allowances availableÌý Ìý Ìý Ìý Ìý Ìý Ìý Ìý ÌýÌý
VAT fully reclaimableÌý Ìý Ìý ÌýÌýInterest charges allowable against taxÌý Ìý Ìý Ìý Ìý Ìý ÌýBalloon payments availableÌý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý ÌýÌý

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.Ìý