If you’re looking to buy something for your business but want to spread the cost over monthly instalments, hire purchase allows you to do just that and you’ll be able to own the asset outright at the end of the agreement.
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Simply put, you pay for whatever you’re buying in monthly instalments. There’s normally a deposit to be paid and the VAT is paid upfront – unless you take advantage of our 3-month VAT deferral.
Remember, when opting for hire purchase, your business will own the item at the end of the agreement.
If you don’t have time to speak to someone, Asset Finance Compared is our online platform that allows you to get a Decision in Principle in 60 seconds, wherever you are.
Call 0115 958 6872, email firstname.lastname@example.org or fill in an enquiry form for further information.
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so how does hire purchase work?
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0115 958 6872 and a member of our team will be happy to speak to you.