Hire and Lease Purchase

This is a simple repayment facility, providing a hirer with outright ownership of the financed assets at the end of the agreement period.  Repayments can be fixed and structured in a flexible way i.e. full pay-out transaction with equal payments or rental payments with a final balloon or final lump sum payment.

 

Key Features and Benefits:

 

  • Preserves working capital – offers the obvious cash flow benefits of paying in instalments.
  • Tax efficiency – You can claim capital allowances for the equipment that you are purchasing with HP or Lease Purchase and can offset interest payments against taxable profits.
  • Flexible – we can tailor deposits, periods and repayments to suit your specific personal or business requirements.
  • Balanced Payment Plans are available on request i.e. when base rates/costs of funds rates fluctuate, only the number of repayments varies but the amount stays the same, thus helping your administration and budgeting.