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funding options

Hire purchase

Hire Purchase (HP) is a well-established method of financing the purchase of assets. You pay an initial deposit, and the balance and interest are paid over a period of time. The finance company which provides the finance is known as the creditor, and purchases the asset on behalf of you, the customer, who is known as the hirer. The finance company owns the asset until the final installment is paid.

Hire Purchase Asset finance is an excellent budgeting tool, as payments are usually fixed, allowing improved management of cashflow.

Call Peter on 01908 262662 to discuss your asset financing requirements