VIEW OUR TESTIMONIALS

Hire Purchase

Hire purchase is a way to finance a new or used van, you usually pay all the VAT and a deposit, and then pay off the value of the vehicle in fixed monthly repayments with the loan secured against the vehicle.

This means you don’t own the vehicle until the last payment.

Deposits are typically all the VAT and 10% of the vehicle value, however if you wish to pay a larger deposit to reduce interest you can.

Repayment terms are typically 12 – 60 months, the shorter the term, the less interest.

Hire purchase may release working capital for other areas of your business. Hire purchase should allow you to claim write-down allowance. Essentially the Government want you to invest in plant & machinery, this means subject to consultation with your accountant, you can claim all the VAT back and offset 100% of the vehicles value against any profit.

Why Finance
Through a Dealership?

What is
Hire Purchase?

What is Personal
Contract Purchase?

Did you Know #4
In 1972, the Ford team wanted to prove the durability of its new diesel engine. What better way than 2 Ford Transits driving non-stop for…
NOT LOCAL TO US….
No problem, we offer a nationwide delivery service (cost applies) to ensure there is no delay with your new van being supplied by our experienced…
Going for Gold!
Forget horsepower, one of our customers prefers dog power!!! Wendy Harkness and her beautiful husky’s represented Great Britain at the Husky Sledding World Championships. GB…
View All