Lease purchase and hire purchase

Hire purchase, or lease purchase, is available to corporate businesses only or for non corporate bodies where the balance to be financed exceeds £25,000 (i.e. customers who are not regulated by Consumer Credit Act).

Hire purchase provides the customer with similar cash flow benefits to lease rental, but all the VAT on the cost of the system is payable with the initial payment. The customer would obtain tax relief on the interest element of each payment and on capital allowances on the equipment, rather than on each rental payment they make.

<< back

Focus Leasing, 1 London Road Office Park, London Road, Salisbury. SP1 3HP