Hire Purchase Product
Hire Purchase (HP) is where you secure your finance against a product, meaning the product you’ve purchased doesn’t belong to you until all of the money has been repaid.
On a HP agreement, you will make fixed monthly payments over an agreed amount of time and you will usually be responsible for the maintenance of the equipment.
You will be treated as the owner which means that you will be able to claim capital allowances.
To benefit from a HP deal, fill in a quote or contact one of our in-house relationship managers.