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What is a Hire Purchase & how does it work?
Hire Purchase (HP) is allows your business to purchase an asset over a set period of time, typically paying monthly installments and the VAT upfront. At the end of the monthly repayment period, for a small option to purchase fee, you become owner of the asset.
What are the benefits of a Hire Purchase?
Low Interest rates with access to over 85 lenders
VAT deferrals available
Asset sits on your balance sheet, so you can depreciate it
Claim tax relief via annual investment allowances
New and used assets can be financed on a HP
New and Used assets on terms up to 7 years
Seasonal payments (pay less in those quieter months)
Decisions as quick as 2 hours
Same day pay outs on signed documentation
Bought kit cash within last 6 months? Get 100% invoice value back via a Sale & Hire Purchase back
Got kit in mind? Get a finance quote
How it works
Get in touch and confirm your requirements.
Your account manager may ask you for supporting information.
1.
Application sent to underwriting for approval and terms agreed.
2.
3.
Funds released and you start making agreed payments
HP Deals we've done
Hire Purchase
£68,950
Drainage Contractor
Hire Purchase - £68,.950
Drainage Contractor
We are heavily involved in the drainage sector, partnered with the leading manufacturers and proud members of the NADC. We enabled this client add another tanker to their fleet with affordable monthly payments.
Account Manager
Andrew Padington
Hire Purchase
£27,787
Tree Surgeon
Hire Purchase - £27,787
Tree Surgeon
Our client was looking to purchase a brand new EC27D Volvo and after getting declined by other brokerages, Crown found a lender and payment that fitted this companies business.
Account Manager -
George Riggall
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Hire Purchase
£150,350
Civil Engineering
Hire Purchase - £150,350
Civil Engineering
This client was after 3 Takeuchi machines for a project starting but couldn't find the assets anywhere with the chip shortage. Not only did we sort the finance but we sourced the exact machines they wanted.
Account Manager
Dillon Carpenter
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Hire Purchase
£941,075
Mobile Crane Hire Company
Hire Purchase - £941,075
Mobile Crane Hire Company
A long standing client of ours with over £4m of business done to date; we assisted with the addition of Liebherr cranes to their growing fleet. Part Exchange, Foreign Supplier, VAT deferral and 7 year term all sorted at a market leading rate.
Director
Jack Doran
Email: info@crownbusinessfinance.co.uk
Phone: 01908 039 818
Address: Norfolk House, Silbury Boulevard, Milton Keynes, MK9 2AH
Crown Business Finance Limited is an independent Asset finance broker not a lender, as such we can introduce you to a wide range of finance providers depending on your requirements and circumstances. We are not independent financial advisors and so are unable to provide you with independent financial advice. Crown Business Finance Limited will receive payment(s) or other benefit from the finance provider if you decide to enter into an agreement with them. Crown Business Finance Limited is an appointed representative of AFS Compliance Ltd which is authorised and regulated by the Financial Conduct Authority under number 625035.
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https://www.afsuk.com/asset-finance-solutions/contact/complaints-procedure/
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