Buying something on hire purchase (HP) means you won’t have to take a lump sum out of your working capital and you can pay for the asset over a
number of monthly payments.
By using HP, you can use the asset and become the outright owner at
the end of the agreement.
As you will be treated as the owner of the asset, you may also be able to claim capital allowances and will have the option of not having to pay the VAT until three months after the purchase.
Whatever you’re looking at buying, we can help.
or call 0115 958 6872 and we’ll be happy to help.