Lease Purchase

Lease purchase is also referred to as hire purchase and enables you to gain the eventual ownership of the asset at the end of the repayment term.

You are able to claim the same writing down allowances as an outright purchase and you can also reclaim VAT on the capital cost of the asset.

Tax allowances may also be available on the interest element of payments, and VAT is paid in full at the start of the agreement.

Flexibility can be built into all of the above facilities to meet your individual business requirements.

We can structure payments to meet tax planning or budget constraints, and similarly defer and offer payment holidays or step payments as your business continues to grow.