Businesses often find using Hire Purchase financing is more flexible option for acquiring machinery, vehicles, and construction and commercial equipment.
A Hire Purchase agreement allows a business to spread the cost of their asset over a fixed period and gives the option to own the asset outright at the end of the term.
It allows a business to access the assets they need without having to pay the full amount up front with a monthly payment being agreed. This amount is fixed throughout the period of the agreement to aid business cash flow.
Benefits of Hire Purchase
Protects the business cash flow with not having to pay the full cost outright
Fixed interest rate and monthly payment throughout the agreement
Spread the cost over 1 - 5 years
Own the asset at the end of the agreement
At Kingsley Asset Finance, our asset finance facilities are underwritten typically within a 24-hour time frame and with electronic signature documents - making it a quick and painless process.