Hire purchase is a straightforward repayment facility which provides outright ownership at the end of the agreement. Repayments can be fixed and structured in a flexible way to mirror project costs or match cash flows through, for example, an escalating profile or with a balloon or lump sum payment at the end of the term.
Offering the benefit of paying in installments over a fixed period.
Interest payments can be offset against profit and the business can claim writing down allowances.
All elements of the transaction, deposit, period and repayment, can be flexed to suit your specific requirements.
Option of using fixed or variable rates.
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