Hire Purchase / Lease PurchaseA straightforward repayment facility providing outright ownership at the end of the agreement. Repayments can be fixed and structured in a flexible way i.e. a balloon or final lump sum can be applied to reduce the monthly repayment.
Key Features & benefits:
- Preserves cashflow - offers the obvious cashflow benefits of paying in instalments.
- Tax efficiency – as a business can claim writing down allowances and can offset interest payments against taxable profits.
- Flexible - we can tailor deposits, periods and repayments to suit your specific personal or business requirements.
Balanced Payments Plan:
- A variable interest rate but with fixed repayments.
- When base rates fluctuate, only the number of repayments varies but the amount stays the same, thus helping your administration and budgeting.