Hire Purchase
So what can HP offer you?
Interest rate agreed and fixed at the time of
processing the documentation
- This
gives you known repayments making for easier budgeting
- It also
protects your borrowing costs against inflation / changes in prevailing
rates
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 please call us on 01603 258780
Written Quotes available - All facilities subject to status