Hire Purchase

100% of the purchase price of the equipment can be financed.

Capital allowances can be claimed against the purchase price – these allow the cost to be written off against a business’s taxable profits. There are special First Year Allowances available to small businesses to encourage investment in plant and machinery. (A greater proportion of the expenditure can be offset in the initial period).

Interest payable is tax deductible.

The customer owns the goods and can decide whether to retain them or sell them at any time - a nominal purchase fee is payable to the finance company.

Fixed or variable repayment methods on periods up to 7 years.

The most popular form of funding for most businesses – it is flexible, tax efficient and enables businesses to acquire assets without depleting cash reserves.