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Hire PurchaseHire Purchase

Hire Purchase (also known as Lease Purchase) helps your business spread the cost of your equipment/vehicle purchases. If you need to invest in new plant or vehicles, paying a fixed rate of interest with fixed monthly payments, will make budgeting simple and easy.

Choose the amount of deposit you wish to pay and then decide on the term you wish to fund the remaining of the balance.

The benefits:-

  • A low deposit can be arranged - doesn't tie up personal or business assets
  • Control - you decide the deposit, you decide the term
  • Fixed monthly payment / Fixed Interest charge
  • Ownership - you gain ownership of the asset at the end of the agreement
  • VAT free - no VAT on payments and we can possibly arrange a VAT deferment to help with the initial vat payment (if there is one) on the purchase
  • Tax benefits – there are tax allowances available for business users

At Davies Finance our experienced and knowledgeable team will search for the most suitable hire purchase plan to suit your individual business needs. Whether you need to reassess your current financial services or need a new product, we have access to as wide range of funders so that we can find the ideal solution for you.

We serve the whole of the UK with many longstanding clients in the areas of Manchester, Warrington, Liverpool, Chester, North Wales, Crewe and Stoke on Trent.