Hire Purchase and Leasing
Hire purchase and leasing are financial facilities which allow a business to use an asset over a fixed period of time in return for regular payments. The business client chooses the equipment it requires, be it a car, van, truck, lorry, heavy plant machinery or construction equipment, and the finance company buys it on behalf of the business client.
With a hire purchase agreement, after all the payments have been made to the finance company, the business client becomes the owner of the equipment. From the beginning of the agreement, the business client is treated as the owner of the equipment and can claim capital allowances.
The primary characteristic of leasing is that ownership never passes on to the business client. The finance company claims the capital allowances and passes the benefits on to the client by reduced rental charges.
GP Asset Finance Ltd / GP Associates can offer hire purchase and leasing facilities against most asset acquisitions.
- Heavy plant machinery
- Business cars
- Commercial vehicles – vans, trucks, lorries
- Construction equipment
- Agricultural equipment
- Engineering equipment
- Buses and Coaches
A wide range of reliable uk finance providers are used by GP Asset Finance Ltd / GP Associates for hire purchase and leasing which results in competitive rates of finance being made available.
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