Hire Purchase

 Hire purchase contracts are an excellent way to acquire essential equipment and vehicles without depleting your cash reserves. 

With a hire purchase agreement, you’ll own the asset at the end of the financing period. Instead of paying the full cost upfront, you’ll spread the payments over monthly or quarterly instalments that fit your business needs.

A popular and most common route, a hire purchase agreements are simple and flexible. Offering a variety of options for structuring your terms , with the product commonly being used for financing hard assets such as; vehicles, tankers, plant, and machinery. Hire purchase provides great value with Fixed Rate or Variable Rate contracts. Repayments can be made monthly or quarterly, with an initial deposit paid upfront or within the first few payments. Your repayment schedule can be tailored to your business, with options for equal monthly payments, accelerated payments, seasonal adjustments, and payment holidays