Commercial Hire Purchase is a tax effective way of purchasing all types of equipment, plant and vehicles. It is ideal for customers buying equipment for the business and who want full ownership of the equipment at the end of the finance period.
Leasecorp offers flexibility with the choice of 100% funding or paying a deposit and reducing the amount financed. If the goods are used to derive income, both the interest paid and the depreciation can be claimed as a deductions.
Title in the goods is transferred to the hirer at the end of the contract, on payment of the balloon or after early payout of the contract.
Benefits of a commercial hire purchase
Benefits of commercial hire purchase include:
- Interest charged and depreciation is tax deductable
- No capital outlay is needed
- Repayments can be tailored to suit your cashflow
- Terms range from 12 to 60 months
- The interest rate is fixed for the term of the contract
- A final balloon payment can be arranged to assist cash flow
Enquire about a commercial hire purchase
For further information on how we can assist you with commercial hire purchase, please contact us by completing your details on the right hand side of the page – one of our consultants will call you today.