Spread the cost of expensive equipment
Hire Purchase is the budget-friendly way to buy new equipment for your business. Once we've agreed a monthly payment plan, you can buy what you need and use it right away.
You’ll have full ownership of your new asset at the end of the payment plan if you choose to pay the Option to Purchase fee.
Security may be required. Any asset used as security will be at risk if you break the agreement and may be sold to repay your debt.
- Flexible payment plans to suit your cashflow
- Interest charges can be offset against taxable and capital allowances
- Choose between fixed and variable interest rates
The value of any tax benefits to you depends on your individual circumstances, the law and Her Majesty's Revenue & Customs (HMRC) practice, which are subject to change. Terms and conditions apply.
Interest rates - may be individually negotiated and the amount you are charged will depend on your circumstances - your relationship manager or one of our experts can give you more details.
Fixed and variable rates are available:
- Fixed interest rates are calculated at the start of the lease
- Variable interest rates are calculated daily
Documentation fee - negotiable and paid at the outset of the transaction.
Option to Purchase Fee - negotiable and optional at the end of your payment term.
Fees and charges - may be individually negotiated and the amount you are charged will depend on your circumstances - your relationship manager can give you more details.
Deposit may be required.
You can claim capital allowances if you choose to.
It is your responsibility for the ongoing maintenance and insurance of the asset.
Full terms and conditions are available on request.
- Minimum term - 6 months
- Maximum term - negotiable
To apply for Asset Finance, you must be:
- Based and operating in the UK
(excluding Channel Islands, Isle of Man & Northern Ireland)
- Aged 18 or over
Fancy a chat?
If you'd like to find out what we can do for you, just give us a call.
Call us on
0800 032 3971
Monday to Friday, 8am to 6pm