Lower costs with high value finance solutions; it’s a win win
situation
Want to save tax and guarantee a fixed rate of interest on your
repayments?
With a Hire Purchase agreement
the Interest rate you will pay is agreed and fixed at the time of processing
the documentation. This gives you:
- Known repayments making for easier
budgeting
- Protection against rising inflation or
changes in prevailing rates that may affect your borrowing costs
The above benefits apply to both
Private and Business Buyers alike
Because HP passes title to you,
it has several other possible benefits
- VAT (where applicable) fully reclaimable
on qualifying purchases
- The purchase is yours once the final
payment made.
- You can claim (where qualifying) the
Writing Down Allowances - this can save you tax!
- It appears on your Balance Sheet as an
Asset
It is possible to further
reduce repayments by building in a balloon payment, this would normally be
written on a Lease Purchase Document - see under Lease
Purchase.
Deposits vary, depending on the
deal but from 1 month down although the 'usual' is between 10 & 20% plus
the VAT if applicable
If you would like a quote or to
find out more please call us on 01603 258780
Written Quotes available - All
facilities subject to status