Phone : 07885 990706

Witham, Essex

Hire Purchase / Lease Purchase

Own your Asset and improve your Cashflow


Hire Purchase, also know as Lease Purchase is a straightforward repayment facility where you ultimately own the asset. Repayments can be structured in a flexible way using initial payments and/or a ‘balloon’ (final lump sum).






• With ownership you have total control over the asset.



• Ownership normally carries the potential for claiming writing down allowances

   and or capital grants, including any enhanced first year allowances.



• VAT on the cost of the asset is normally reclaimable*.



• Fixed or variable interest rate – you make your own assessment and choose accordingly.



• The interest element of repayments can normally be offset against taxable profit*.



• The asset appears on your balance sheet.




* Special rules apply to cars.



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