100% Tax Deductible
Zero Value Depreciation
What is Hire Purchase?
Hire purchasing is a vehicle financing option for those aiming to own the vehicle at the end of their contract.
Hire purchase requires you to put down an initial deposit, which is usually the full VAT followed by fixed monthly repayments. These repayments typically range between 24 and 60 months.
At the end of the contract or sooner, having paid all the payments outstanding plus any option to purchase fee, you will own the vehicle.
The Advantages of Hire Purchase
Hire purchase is the most popular finance option, and there are a few reasons why:
The Disadvantages of Hire Purchase
Some of the disadvantages of hire purchase agreements include:
Should You Choose Hire Purchase?
If ownership is your goal but you’re struggling to pay outright, hire purchase is a great van financing option. Give us a call today and a member of our team will chat through all the options we have available.
If there’s anything you’re unsure of, our team is more than happy to help. Contact us via email or phone and we’ll get back to you as soon as we can.