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Hire Purchase

We can help you secure the best hire purchase agreement available.

Hire purchase is the most typical and available credit facility. You simply source the asset and negotiate the purchase from your chosen supplier. You then pay a deposit to the finance company (typically 10-20%) and the finance company takes the title direct from the supplier. Although you do not technically own the asset you can recover VAT yourself. You pay back the cost and interest over a specified period of time and this can be reduced with balloon payments.