Hire Purchase

Hire Purchase

Hire Purchase is one of the most popular forms of finance, particularly for vehicle purchases.

It allow businesses to pay a deposit and then spreads the rest of the cost over regular monthly payments for a set length of time. On completion of the final payment, the asset is owned by the company in full. Hire purchase is an ideal way of spreading payment of the item over a number of months or years.

Hire purchase is useful in a variety of business asset finance circumstances, so get in touch to discuss hire purchase in more detail.