What is Hire Purchase?

A Hire Purchase agreement offers you the opportunity to own the asset at the end of the period. The agreement is secured on the asset being financed, so in the majority of cases, no additional security is required. In line with our flexible approach, repayments can be tailored to match your business needs - so you know exactly what you have to pay and when, allowing you to plan ahead and retain control. A Hire Purchase agreement usually enables you to claim Writing Down Allowances.

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