Our finance broker - Chris Philpott recently completed a hire purchase deal for South East Glass & Glazing Ltd who was looking to purchase a Land Rover defender.
Chris was able to utilise our comprehensive 125+ lending panel to be able to put together a bespoke hire purchase finance agreement, which consisted of an initial deposit, followed by 48 affordable monthly payments.
The benefit of this HP structure is that it allows you to have complete control over the agreement as you can decide the deposit amount and the repayment term. HP also enables you to own the car at the end of the
contract. An optional balloon payment can be added to the end of the agreement, which will cut the monthly payment costs if needed. Then further finance options can be available
once the balloon payment is due including refinance.
Are you a business interested in Asset Finance? With Asset Finance (otherwise known as Equipment Finance) you can preserve valuable working capital by purchasing equipment, machinery or vehicles with affordable monthly repayments. Equipment Finance can take on various forms including Hire Purchase, Leasing or Refinance. This type of product also allows for the offset of costs against profits, which is an effective tax relief strategy for any business.
If you would like to discuss your options, then please do not hesitate to contact Chris at 01908 429888, email Chris@approved-finance.co.uk or click on the link to download our finance guide PDF for more information: https://lnkd.in/ePHAgzn9