Hire Purchase from Construction
Finance UK
Hire Purchase is a facility
where the customer can obtain
goods by funding them over
the repayment term with
a transfer of title to the
customer on payment of the
last rental. Hire Purchase
can be 100% finance or more
normally with an optional
deposit of 10% of the cost
plus the full Vat.
Repayments are made up
of capital and fixed interest
may be repaid by monthly
or quarterly rentals and
they are fixed for the
full period of the agreement.
It may be possible to
design a repayment schedule
that matches your business’
income and expenditure
cycles.
Interest rates are fixed
for the period at the
initial date of signing.
Fixed equal monthly
repayment of capital.
Interest is calculated
daily, at an agreed percentage
over Finance House Base
Rate, and is repayable
monthly or quarterly.
This is the Hire Purchase
option to choose if you
expect interest rates
to fall during the period
of the agreement.
It is also possible to
settle the entire agreement
early and only pay interest
up to the date of settlement.
Lump sums can be paid
off and further reduce
the overall interest charges.
Title to the machine passes
to you once the payments
of capital and interest
have been completed.
- All the benefits of
ownership without the
initial capital outlay
- Interest rate fixed
at time of signing deal
- Fixed repayments of
capital and interest
- Accurate budget scheduling
- Hedge against inflation
and interest rate rises
- VAT fully reclaimable
- Tax writing down allowances
available
- Title to the machine
after the last payment
- Fixed repayments
of capital
- Interest payments can
be made monthly or quarterly
- Savings when interest
rates fall
- No additional costs
for early settlements
- Additional capital may
be paid off to reduce
interest
Please contact
us for details of
our Hire Purchase rates.
© Copyright 2005 Construction
Finance UK
Site Design and Development
Ocean
Studio
|
