Spread the cost of your customer’s investment
Hire Purchase (HP) gives your customer the flexibility to spread the cost of their finance over a fixed period, without the need to pay a large up-front payment. At the end of this period, your customer has the option to purchase the asset outright.
Key benefits of hire purchase for your customer
- Immediate access to the assets they require
- Spread the cost between 12 and 84 months
- Match cash flow timings with an agreed payment structure
- Reduce monthly instalments with a larger deposit or a large sum (Balloon payment) at the end
- Improves tax efficiency as interest and charges can be offset against pre-tax profits