how we can enable your business
Asset Funding
Flexible Funding Solutions
Flexible Funding Solutions
Multiple asset funding
Variable terms
Flexible Funding Solutions
Flexible Funding Solutions
Flexible Funding Solutions
Hire Purchase
Operating Lease
Unsecured Loan
Tax & VAT Benefits
Flexible Funding Solutions
Tax & VAT Benefits
Capital allowance benefits
VAT deferral
Business Growth
Flexible Funding Solutions
Tax & VAT Benefits
Acquire assets now
Preserve capital
Retain credit lines
financial solutions
Hire Purchase
Hire Purchase offers a straightforward way to spread the cost of your asset in a period typically up to 84 months. Simply choose the amount of deposit you wish to pay, between 5%-50% of the asset’s price, or often one payment upfront and no deposit. Then you pay off the remainder of the balance with the fixed interest rate on a monthly, quarterly or annual basis.
Benefits:
- Tax benefits (no VAT on monthly payments)
- Beneficial towards cash flows
- Enables you to purchase expensive assets without having to affect working capital
- Low deposit
- Makes budgeting easy
- You gain ownership of the asset
Operating Lease
An operating lease enables products and equipment to be financed ‘off balance sheet’* as the asset is accounted for as a rental expense. The equipment is never owned by you, but by the funder, and is accounted for by you as a rental expense with no asset or liability appearing on your balance sheet.
The primary term of the lease is shorter than the equipment’s useful economic life and flexible options are available at the end of the contract.
Benefits
- "Off balance sheet" solution*
- No one-off capital payment
- Flexibility at end of lease term
- Protects cash flow
- Corporation tax efficient
*Off balance sheet at the moment; take advice from your financial advisor or auditor as there are changes expected from 2019 with the IFRS16 standard
Finance Lease
With a finance lease, You pay the cost of the equipment, interest and charges during the minimum term of the agreement, via regular payments scheduled to suit your cash flow. When the lease term ends, you can choose either to keep the equipment or return it to us. If you return it, we will dispose of it and remit a significant part of the sale proceeds to you.
A finance lease enables you to upgrade equipment during the term, and can also include maintenance, so that they are both included under a single contract
Benefits
Enjoy benefits associated with full ownership of asset
- Minimise upfront costs with no deposit to pay
- Pay for asset through fixed rental payments
- Pay VAT on each rental payment, not on the purchase price
- Offsets some element of rental against taxable profits
Contact Us
Contact us today
HP Finance & Leasing Limited
Landline: 0333 363 3999 Guy Padgham : 07786 834985 Mick Hall :07903 326289
