Hire Purchase | Admiral Leasing & Loans

what is hire purchase?

With hire purchase, we purchase the equipment on your behalf and create a tailored repayment plan to suit your budget.

At the end of the agreed term, our hire purchase solution gives you the opportunity to take ownership of assets for a nominal fee.

Hire purchase is often used for acquiring larger equipment, spreading the cost into manageable payments with ownership at the end of the term.

There are several key benefits to using equipment lease to fund equipment instead of outright purchase, even if you have the money available:

Preserve cashflow

Preserve your cashflow for operational costs and contingency.

Manage budgets

Spread the cost over the life of the equipment and the fixed monthly payments make it easier to manage your budgets.

Tax efficient

Financing your equipment using Hire Purchase can be more tax-efficient than regular loans because lease payments are treated as expenses.

Ultimate ownership

You have the right to buy the equipment at the end of the agreement term.

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