Hire Purchase.

Hire Purchase offers a straightforward way to spread the cost of your new vehicle in a period typically up to 84 months. Simply choose the amount of deposit you wish to pay, between 5%-50% of the asset’s price, or often one rental upfront and no deposit. Then you pay off the remainder of the balance with the fixed interest rate on a monthly basis.

Benefits:

• Tax benefits (no VAT on monthly payments)
• Beneficial towards cash flows
• Enables you to purchase expensive assets without having to affect working capital
• Low deposit
• Makes budgeting easy
• You gain ownership of the vehicle