Hire Purchase

A Hire Purchase agreement makes it easier to budget by spreading the cost of an asset over an agreed term.

At InterBay Asset Finance we are experts at structuring deals to meet the differing needs of SMEs and corporate entities.

Key features of InterBay’s Hire Purchase agreements

  • Standard repayment terms are 2-5 years
  • Up to 7 year terms available for long-life assets

Our Hire Purchase repayment options:

  • VAT deferral – delay paying VAT for up to 4 months
  • Seasonal payments - schedule payments to match the seasonality of a business’s cash flow
  • Escalating profiles – increase payments over time to match business productivity and growth
  • Low or zero deposits – we can offer agreements with little or no deposit
  • Balloon payments – pay a lump sum at the end of the agreement to reflect the anticipated future value of the asset

Why choose Hire Purchase?

  • Repayments can be tailored to match cash flow
  • Ownership of the asset at the end of the agreement for a small fee
  • VAT deferral available
  • Benefit from tax efficiencies with potential to offset interest and charges against tax

InterBay’s Hire Purchase agreements are perfect for SMEs and corporates who want to invest in new or used equipment.

As experienced asset financiers we can support a diverse range of businesses, from large corporates to new start SMEs.