star_rate star_rate star_rate star_rate star_rate

"Beverley Horton was extremely helpful patient and knowledgable! Excellent experience!"

star_rate star_rate star_rate star_rate star_rate

"I recently sent an online enquiry to Wilson Field, and within an hour Chris called me for a chat to get a clearer idea of my company's position. His advice was clear and made sense, and he also showed an empathy I didn't expect! All in all, very helpful."

star_rate star_rate star_rate star_rate star_rate

"Thanks for providing me correct information."

star_rate star_rate star_rate star_rate star_rate

"I spoke today with Stephen Hall, I just had a few questions about a past insolvency and he took the time to answer my questions. It was very helpful of him."

Hire purchase

Hire purchase is a form of asset finance, allowing a business to purchase new assets while spreading out the repayments. Doing so removes the hefty initial expense, allowing your business to expand and attract new customers.

What is hire purchase?

Businesses will, on occasion, need to purchase new assets. Investing in vehicles, machinery, IT equipment and software can give you the edge over your competitors.

Hire purchase involves a funder purchasing equipment or assets on the business’ behalf. After the initial deposit, the business receives the asset and repays the balance in affordable monthly instalments. After making the final payment, ownership of the asset is transferred from the finance company to your business.

Hire Purchase

Hire purchase advantages

Hire purchase has many benefits for your business in both the short and long-term.

  • Flexible. The initial deposit’s size can be tailored to your needs, along with the repayment terms and length of the arrangement.
  • Fast. You’ll receive the asset almost immediately without the need for the heavy upfront cost of purchasing it outright.
  • Access to better assets. Your business could potentially access more up-to-date equipment and assets than it could afford to buy outright.
  • Helps your cash flow. By spreading the cost over time, hire purchase limits the impact on your cash flow, and a consistent line of credit can improve your credit rating (as long as you keep to the repayments). This also makes it easier to produce cash flow forecasts going forward.
  • Asset ownership. Unlike with leasing, your business owns the asset once the hire purchase agreement ends. This means hire purchasing can be a more cost-effective way of purchasing assets. They can even be used as security against loans and other finance, adding to your business’ value.

In summary 

Hire purchase can allow your business access to modern assets; vehicles, machinery, software, etc., allowing you to stay competitive without a heavy impact on your cash flow. It is a fast, flexible arrangement that can help improve your business’ cash flow, paying for the asset in affordable monthly instalments. The asset is transferred to the business once the final payment is made.

How we can help 

If your business needs to upgrade its equipment but doesn’t have the funds to buy them outright, a hire purchase arrangement could help you.

With years’ experience in the industry, we have developed strong relationships with several funding partners, and we will work to match you with the one best suited for your circumstances. Speak to us today to get the ball rolling. Our initial advisors can offer free, impartial advice and a no-obligation quote.

Beverley Horton Christopher Callaghan Stephen Hall

Free Consultation

Request a free confidential telephone consultation from 9am - 8pm, 7 days a week.

Back

    4.8 average

    star_rate star_rate star_rate star_rate star_rate

    240 reviews

    View Reviews

    Stephen Hunt

    star_rate star_rate star_rate star_rate star_rate

    "Fast and helpful! I Needed some advice, they called me and told me what to do. Big help!"

    James Whitworth

    star_rate star_rate star_rate star_rate star_rate

    "Although unable to deal with my specific request Beverley did point me in the right direction and provided a number to call."

    Abisoye Balogun

    star_rate star_rate star_rate star_rate star_rate

    "VERY HELP AND QUICK RESPONSE. HE DESERVES A PAY RISE"

    Michaela Augustine

    star_rate star_rate star_rate star_rate star_rate

    "Quick response and advice easy to understand."

    pauline parks

    star_rate star_rate star_rate star_rate star_rate

    "Beverly Wilson was very helpful to me. Thanks again"

    Stephen Hunt

    star_rate star_rate star_rate star_rate star_rate

    "Fast and helpful! I Needed some advice, they called me and told me what to do. Big help!"

    James Whitworth

    star_rate star_rate star_rate star_rate star_rate

    "Although unable to deal with my specific request Beverley did point me in the right direction and provided a number to call."

    Abisoye Balogun

    star_rate star_rate star_rate star_rate star_rate

    "VERY HELP AND QUICK RESPONSE. HE DESERVES A PAY RISE"

    Michaela Augustine

    star_rate star_rate star_rate star_rate star_rate

    "Quick response and advice easy to understand."

    pauline parks

    star_rate star_rate star_rate star_rate star_rate

    "Beverly Wilson was very helpful to me. Thanks again"

    Stephen Hunt

    star_rate star_rate star_rate star_rate star_rate

    "Fast and helpful! I Needed some advice, they called me and told me what to do. Big help!"

    James Whitworth

    star_rate star_rate star_rate star_rate star_rate

    "Although unable to deal with my specific request Beverley did point me in the right direction and provided a number to call."

    Abisoye Balogun

    star_rate star_rate star_rate star_rate star_rate

    "VERY HELP AND QUICK RESPONSE. HE DESERVES A PAY RISE"

    Michaela Augustine

    star_rate star_rate star_rate star_rate star_rate

    "Quick response and advice easy to understand."

    pauline parks

    star_rate star_rate star_rate star_rate star_rate

    "Beverly Wilson was very helpful to me. Thanks again"

    Stephen Hunt

    star_rate star_rate star_rate star_rate star_rate

    "Fast and helpful! I Needed some advice, they called me and told me what to do. Big help!"

    James Whitworth

    star_rate star_rate star_rate star_rate star_rate

    "Although unable to deal with my specific request Beverley did point me in the right direction and provided a number to call."

    Abisoye Balogun

    star_rate star_rate star_rate star_rate star_rate

    "VERY HELP AND QUICK RESPONSE. HE DESERVES A PAY RISE"

    Michaela Augustine

    star_rate star_rate star_rate star_rate star_rate

    "Quick response and advice easy to understand."

    pauline parks

    star_rate star_rate star_rate star_rate star_rate

    "Beverly Wilson was very helpful to me. Thanks again"

    Stephen Hunt

    star_rate star_rate star_rate star_rate star_rate

    "Fast and helpful! I Needed some advice, they called me and told me what to do. Big help!"

    James Whitworth

    star_rate star_rate star_rate star_rate star_rate

    "Although unable to deal with my specific request Beverley did point me in the right direction and provided a number to call."

    Abisoye Balogun

    star_rate star_rate star_rate star_rate star_rate

    "VERY HELP AND QUICK RESPONSE. HE DESERVES A PAY RISE"

    Michaela Augustine

    star_rate star_rate star_rate star_rate star_rate

    "Quick response and advice easy to understand."

    pauline parks

    star_rate star_rate star_rate star_rate star_rate

    "Beverly Wilson was very helpful to me. Thanks again"

    Stephen Hunt

    star_rate star_rate star_rate star_rate star_rate

    "Fast and helpful! I Needed some advice, they called me and told me what to do. Big help!"

    James Whitworth

    star_rate star_rate star_rate star_rate star_rate

    "Although unable to deal with my specific request Beverley did point me in the right direction and provided a number to call."

    Abisoye Balogun

    star_rate star_rate star_rate star_rate star_rate

    "VERY HELP AND QUICK RESPONSE. HE DESERVES A PAY RISE"

    Michaela Augustine

    star_rate star_rate star_rate star_rate star_rate

    "Quick response and advice easy to understand."

    pauline parks

    star_rate star_rate star_rate star_rate star_rate

    "Beverly Wilson was very helpful to me. Thanks again"

    Stephen Hunt

    star_rate star_rate star_rate star_rate star_rate

    "Fast and helpful! I Needed some advice, they called me and told me what to do. Big help!"

    James Whitworth

    star_rate star_rate star_rate star_rate star_rate

    "Although unable to deal with my specific request Beverley did point me in the right direction and provided a number to call."

    Abisoye Balogun

    star_rate star_rate star_rate star_rate star_rate

    "VERY HELP AND QUICK RESPONSE. HE DESERVES A PAY RISE"

    Michaela Augustine

    star_rate star_rate star_rate star_rate star_rate

    "Quick response and advice easy to understand."

    pauline parks

    star_rate star_rate star_rate star_rate star_rate

    "Beverly Wilson was very helpful to me. Thanks again"

    Stephen Hunt

    star_rate star_rate star_rate star_rate star_rate

    "Fast and helpful! I Needed some advice, they called me and told me what to do. Big help!"

    James Whitworth

    star_rate star_rate star_rate star_rate star_rate

    "Although unable to deal with my specific request Beverley did point me in the right direction and provided a number to call."

    Abisoye Balogun

    star_rate star_rate star_rate star_rate star_rate

    "VERY HELP AND QUICK RESPONSE. HE DESERVES A PAY RISE"

    Michaela Augustine

    star_rate star_rate star_rate star_rate star_rate

    "Quick response and advice easy to understand."

    pauline parks

    star_rate star_rate star_rate star_rate star_rate

    "Beverly Wilson was very helpful to me. Thanks again"

    Stephen Hunt

    star_rate star_rate star_rate star_rate star_rate

    "Fast and helpful! I Needed some advice, they called me and told me what to do. Big help!"

    James Whitworth

    star_rate star_rate star_rate star_rate star_rate

    "Although unable to deal with my specific request Beverley did point me in the right direction and provided a number to call."

    Abisoye Balogun

    star_rate star_rate star_rate star_rate star_rate

    "VERY HELP AND QUICK RESPONSE. HE DESERVES A PAY RISE"

    Michaela Augustine

    star_rate star_rate star_rate star_rate star_rate

    "Quick response and advice easy to understand."

    pauline parks

    star_rate star_rate star_rate star_rate star_rate

    "Beverly Wilson was very helpful to me. Thanks again"

    Stephen Hunt

    star_rate star_rate star_rate star_rate star_rate

    "Fast and helpful! I Needed some advice, they called me and told me what to do. Big help!"

    James Whitworth

    star_rate star_rate star_rate star_rate star_rate

    "Although unable to deal with my specific request Beverley did point me in the right direction and provided a number to call."

    Abisoye Balogun

    star_rate star_rate star_rate star_rate star_rate

    "VERY HELP AND QUICK RESPONSE. HE DESERVES A PAY RISE"

    Michaela Augustine

    star_rate star_rate star_rate star_rate star_rate

    "Quick response and advice easy to understand."

    pauline parks

    star_rate star_rate star_rate star_rate star_rate

    "Beverly Wilson was very helpful to me. Thanks again"

    Stephen Hunt

    star_rate star_rate star_rate star_rate star_rate

    "Fast and helpful! I Needed some advice, they called me and told me what to do. Big help!"

    James Whitworth

    star_rate star_rate star_rate star_rate star_rate

    "Although unable to deal with my specific request Beverley did point me in the right direction and provided a number to call."

    Abisoye Balogun

    star_rate star_rate star_rate star_rate star_rate

    "VERY HELP AND QUICK RESPONSE. HE DESERVES A PAY RISE"

    Michaela Augustine

    star_rate star_rate star_rate star_rate star_rate

    "Quick response and advice easy to understand."

    pauline parks

    star_rate star_rate star_rate star_rate star_rate

    "Beverly Wilson was very helpful to me. Thanks again"

    Stephen Hunt

    star_rate star_rate star_rate star_rate star_rate

    "Fast and helpful! I Needed some advice, they called me and told me what to do. Big help!"

    James Whitworth

    star_rate star_rate star_rate star_rate star_rate

    "Although unable to deal with my specific request Beverley did point me in the right direction and provided a number to call."

    Abisoye Balogun

    star_rate star_rate star_rate star_rate star_rate

    "VERY HELP AND QUICK RESPONSE. HE DESERVES A PAY RISE"

    Michaela Augustine

    star_rate star_rate star_rate star_rate star_rate

    "Quick response and advice easy to understand."

    pauline parks

    star_rate star_rate star_rate star_rate star_rate

    "Beverly Wilson was very helpful to me. Thanks again"

    Stephen Hunt

    star_rate star_rate star_rate star_rate star_rate

    "Fast and helpful! I Needed some advice, they called me and told me what to do. Big help!"

    James Whitworth

    star_rate star_rate star_rate star_rate star_rate

    "Although unable to deal with my specific request Beverley did point me in the right direction and provided a number to call."

    Abisoye Balogun

    star_rate star_rate star_rate star_rate star_rate

    "VERY HELP AND QUICK RESPONSE. HE DESERVES A PAY RISE"

    Michaela Augustine

    star_rate star_rate star_rate star_rate star_rate

    "Quick response and advice easy to understand."

    pauline parks

    star_rate star_rate star_rate star_rate star_rate

    "Beverly Wilson was very helpful to me. Thanks again"

    Stephen Hunt

    star_rate star_rate star_rate star_rate star_rate

    "Fast and helpful! I Needed some advice, they called me and told me what to do. Big help!"

    James Whitworth

    star_rate star_rate star_rate star_rate star_rate

    "Although unable to deal with my specific request Beverley did point me in the right direction and provided a number to call."

    Abisoye Balogun

    star_rate star_rate star_rate star_rate star_rate

    "VERY HELP AND QUICK RESPONSE. HE DESERVES A PAY RISE"

    Michaela Augustine

    star_rate star_rate star_rate star_rate star_rate

    "Quick response and advice easy to understand."

    pauline parks

    star_rate star_rate star_rate star_rate star_rate

    "Beverly Wilson was very helpful to me. Thanks again"

    Stephen Hunt

    star_rate star_rate star_rate star_rate star_rate

    "Fast and helpful! I Needed some advice, they called me and told me what to do. Big help!"

    James Whitworth

    star_rate star_rate star_rate star_rate star_rate

    "Although unable to deal with my specific request Beverley did point me in the right direction and provided a number to call."

    Abisoye Balogun

    star_rate star_rate star_rate star_rate star_rate

    "VERY HELP AND QUICK RESPONSE. HE DESERVES A PAY RISE"

    Michaela Augustine

    star_rate star_rate star_rate star_rate star_rate

    "Quick response and advice easy to understand."

    pauline parks

    star_rate star_rate star_rate star_rate star_rate

    "Beverly Wilson was very helpful to me. Thanks again"

    Stephen Hunt

    star_rate star_rate star_rate star_rate star_rate

    "Fast and helpful! I Needed some advice, they called me and told me what to do. Big help!"

    James Whitworth

    star_rate star_rate star_rate star_rate star_rate

    "Although unable to deal with my specific request Beverley did point me in the right direction and provided a number to call."

    Abisoye Balogun

    star_rate star_rate star_rate star_rate star_rate

    "VERY HELP AND QUICK RESPONSE. HE DESERVES A PAY RISE"

    Michaela Augustine

    star_rate star_rate star_rate star_rate star_rate

    "Quick response and advice easy to understand."

    pauline parks

    star_rate star_rate star_rate star_rate star_rate

    "Beverly Wilson was very helpful to me. Thanks again"

    Stephen Hunt

    star_rate star_rate star_rate star_rate star_rate

    "Fast and helpful! I Needed some advice, they called me and told me what to do. Big help!"

    James Whitworth

    star_rate star_rate star_rate star_rate star_rate

    "Although unable to deal with my specific request Beverley did point me in the right direction and provided a number to call."

    Abisoye Balogun

    star_rate star_rate star_rate star_rate star_rate

    "VERY HELP AND QUICK RESPONSE. HE DESERVES A PAY RISE"

    Michaela Augustine

    star_rate star_rate star_rate star_rate star_rate

    "Quick response and advice easy to understand."

    pauline parks

    star_rate star_rate star_rate star_rate star_rate

    "Beverly Wilson was very helpful to me. Thanks again"

    Stephen Hunt

    star_rate star_rate star_rate star_rate star_rate

    "Fast and helpful! I Needed some advice, they called me and told me what to do. Big help!"

    James Whitworth

    star_rate star_rate star_rate star_rate star_rate

    "Although unable to deal with my specific request Beverley did point me in the right direction and provided a number to call."

    Abisoye Balogun

    star_rate star_rate star_rate star_rate star_rate

    "VERY HELP AND QUICK RESPONSE. HE DESERVES A PAY RISE"

    Michaela Augustine

    star_rate star_rate star_rate star_rate star_rate

    "Quick response and advice easy to understand."

    pauline parks

    star_rate star_rate star_rate star_rate star_rate

    "Beverly Wilson was very helpful to me. Thanks again"

    - As seen in -

    Beverley Horton Christopher Callaghan Stephen Hall

    Free Consultation

    Request a free confidential telephone consultation from 9am - 8pm, 7 days a week.