Hire Purchase / Lease Purchase

When you need the benefit of using an asset immediately without needing to pay for it immediately, we can arrange the best leasing arrangement for you.

If opting for hire purchase, you buy the equipment over an agreed period of time, usually with regular monthly payments. At Primary Asset Finance we can take your business' seasonality into account when arranging the regular payments, increasing repayments when business is more profitable and decreasing when business becomes quieter, allowing you to own the asset at the end of the term.

For tax purposes, from the beginning of the agreement you are considered the owner of the equipment and can therefore claim capital allowances.

Choosing Lease Purchase enables regular payments, again, but deferring part of the asset capital payment to the end of the contract and still providing you with ownership.

As well as potential accounting, reporting and tax benefits, either of these options will help improve your cashflow without requiring any additional financing solutions.

Call Phil to discuss this further on Tel: 07778 403 573.