Hire Purchase.

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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