Own assets without large capital expenditure

Hire Purchase

Hire purchase allows the buyer to own the asset outright at the end of the agreement. Unlike a standard leasing agreement, the full VAT is repaid with the first payment. The remainder of the agreement is completed by making regular fixed monthly, quarterly or annual payments over 1-5 years.

Benefits of Hire Purchase

  • Own asset once final instalment has been paid
  • Purchase higher specification assets than budget dictates
  • Offset the payments against your taxable income saving corporation tax
  • Maintain cash flow by avoiding large capital outlays
  • Low fixed rate repayments
  • Invest in other areas with a return on capital employed
  • Manage and upgrade obsolescent assets

Call us on 01494 974 888 to find out more and speak to a Baker Leasing representative

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