Hire Purchase and Leasing

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. 

Types of assets we can finance

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.

We can also provide other solutions if Asset Finance is not the right fit for your business, these include: Invoice Factoring and Invoice Discounting Facilities and Unsecured Business Loans.

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.

You are here

Our Partners

RBS
Bibby Financial Services
Skipton Business Finance
Metro Bank
Close Brothers Invoice Finance
Ultimate Finance Group
Ashley Business Finance
Shawbrook Business Credit
Factor 21
Working Capital Partners
Catalyst Finance
Market Invoice
Platform Black