For companies and professionals to buy goods such as motor vehicles, trucks, boats, machinery or industrial equipment.
Under a hire purchase agreement, the finance company owns the goods and “hires” them to you. Once the final payment has been made, ownership of the goods passes to you.
The goods are used as security, so your other assets are not tied up.
Deposit: Hire purchases can be arranged with or without a deposit. This will often depend upon your circumstances.
Repayments: Rates are fixed for the life of the term of the contract, so your repayments won’t change. Balloon repayments can also help to reduce repayments throughout the term.
Seasonal repayments can also be organized for some businesses.
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