Hire Purchase A Hire Purchase is specifically for businesses that wish to actually purchase the equipment through a series of payments.

The benefits of opting for a Hire Purchase agreement include:

• Repayments, including interest, can be made monthly or quarterly and can be flexible
• You own the equipment upon payment of an "Option to purchase" fee
• An optional deposit can be paid to reduce your regular payments
• The equipment appears as an asset on your balance sheet

			Many of the other benefits of renting also come with a Hire Purchase Agreement. If you are unsure as to which finance solution to choose for your business, please contact us or request a call back to discuss your requirements in more detail.