Hire Purchase

Is hire purchase right for you?

Hire Purchase

If you would prefer to own our new van while making fixed monthly payments in the process then hire purchase is the option for you. Your hire purchase package will involve an upfront deposit followed by fixed monthly payments, unlike other finance packages you have the opportunity to purchase the vehicle at the end of your agreement.

  • Ownership of the vehicle
  • Fixed Interest rate
  • Low deposit – VAT only
  • VAT deposit reclaimable
  • Flexible payment period – from 24 up to 60 months
  • VAT free monthly payments
  • Not VAT efficient
  • No option to return the vehicle at the end of the agreement
  • Full amount of VAT must be paid upfront for LVC’s
  • Unsettled payments will show as a liability on your balance sheet
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