Business Hire Purchase

Hire purchase is a great asset finance solution if you want to have ownership of the asset at the end of your agreement.

Is Hire Purchase right for you?

Hire purchase is a popular business finance solution for those who require cars or equipment, but do not wish to use capital funds to buy them.

1. Pay an initial upfront deposit

Equipment Hire Purchase from Shire Group

2. Make agreed monthly payments

Business Hire Purchase & Equipment Hire Purchase from Shire Group

3. At the end of the agreement you become the legal owner once all payments, including the option to purchase fee, has been paid.

4. If your circumstances change, you can make a lump sum payment to end the agreement early and become the legal owner of the goods, provided all rentals and option to purchase fees have been paid.

How does it work?

How we can help

The use of equipment hire purchase is particularly common in industries where expensive machinery is required, such as construction, manufacturing, plant hire, printing, road freight, transport, engineering and professional services.

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BENEFITS OF
HIRE PURCHASE

There are many benefits to using business hire purchase as an asset finance solution. Some of these benefits include the following.

Ownership

The asset can be yours at the end of the agreement

Fixed Interest

With both the interest rate and payment amounts fixed and agreed from the outset, you are able to budget more effectively

Tax Advantages

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Complete the form below and one of our team will be in touch to discuss how we can help.

LEASING

Business Hire Purchase

Hire purchase is a great asset finance solution if you want to have ownership of the asset at the end of your agreement.

Is Hire Purchase right for you?

1. Pay an initial upfront deposit

2. Make agreed monthly payments

3. At the end of the agreement you become the legal owner once all payments, including the option to purchase fee, has been paid.

4. If your circumstances change, you can make a lump sum payment to end the agreement early and become the legal owner of the goods, provided all rentals and option to purchase fees have been paid.

How does it work?

How we can help

BENEFITS OF
HIRE PURCHASE

Ownership

Fixed Interest

Tax Advantages

Get a Quote

Other Asset Finance Solutions

LEASING

REFINANCING

Find Us

Business Hire Purchase

Hire purchase is a great asset finance solution if you want to have ownership of the asset at the end of your agreement.

Is Hire Purchase right for you?

1. Pay an initial upfront deposit

2. Make agreed monthly payments

3. At the end of the agreement you become the legal owner once all payments, including the option to purchase fee, has been paid.

4. If your circumstances change, you can make a lump sum payment to end the agreement early and become the legal owner of the goods, provided all rentals and option to purchase fees have been paid.

How does it work?

How we can help

BENEFITS OF HIRE PURCHASE

Ownership

Fixed Interest

Tax Advantages

Get a Quote

Other Asset Finance Solutions

LEASING

REFINANCING

Find Us

BENEFITS OF
HIRE PURCHASE