Hire Purchase

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Hire Purchase

Hire Purchase is a popular finance option for businesses wishing to purchase an asset without paying the full cost of the asset immediately.

More flexible than a conventional loan, the cost of the investment is spread over an agreed payment term and is particularly suitable for large pieces of equipment with a resale value.

If your business needs to increase capacity and output, just let us know the piece of equipment you need and an expert member of the Simply team will assist you by creating a simple payment plan tailored to suit your budget and cashflow requirements.  On completion of the payment term, you will have the option to take full ownership of the asset for a nominal fee.

Advantages of Hire Purchase to Your Business

  • Regular monthly payments make it easier to budget and frees working capital
  • A flexible repayment structure allows for seasonal fluctuations and can reduce monthly outlay by factoring in a balloon payment at the end of the term.
  • You may be able to take advantage of Tax Relief on Capital Purchases and offset repayment interest against profits.
  • Providing your Company is VAT registered, VAT can be reclaimed on the cost of the Asset.

Speak to a Simply Expert today on 0203 714 3908 and take the first step to expanding your business.

Enquiry Form

Send us a message

Enquiry Form

Contact

2-6 Boundary Row, London, SE1 8HP

Tel: 0203 714 3908

info@simply.finance


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