Nationwide Asset Finance has over 50 years experience in arranging Hire Purchase and Leasing facilities across all business sectors. We can help you tailor a solution to meet your specific funding requirements.
Both Hire Purchase and Leasing allow businesses to spread the purchase of an asset over an agreed term usually 1-5 years. The difference between the two is:
- Hire Purchase allows you to retain ownership of the goods and claim the full capital allowances. A deposit of typically 10-20%+ VAT is required by the lender.
- Leasing allows you to have ownership of the equipment with the lender claiming the capital allowances and passing the benefits of doing so on to you in the form of reduced rentals. A deposit equivalent to 1-3 months advance rentals is usually required.
Either way, Hire Purchase and Leasing allow you to purchase the assets you need, when you need them without having to lay out the full purchase price. At the same time, repayments can be structured on a phased or seasonal basis to meet your cash flow requirements.
We can finance both new and used equipment and can raise additional cash for your business by refinancing the equipment you already own. For more information please visit our Sale and Leaseback page.
Call us today to discuss your requirements, you can find our contact details by clicking HERE.
Personal Guarantee Insurance
For your financial security and peace of mind, why not take out PGI at the same time to cover this + all your other business loans? Click Here for an instant quote.