Hire Purchase

More Benefits

• Personal attention – dedicated Business Manager or Business Advisor can make decisions - fast
• Choice – wide range of products and suppliers
• Cost saving – reduced exchange rate risk with Euro Funding
• Freedom – of a cash buyer with pre-arranged finance
• Flexibility – choose the repayment option that best suits your needs or cashflow

Further Features

• Competitive fixed or variable interest rates
• Goods are treated as assets on the balance sheet from the start of the agreement
• Eventual ownership of asset at end of term upon payment of nominal completion fee

Complementary Solutions

• Business Cash Management
• Financial Planning

Important Information

• Interest rate
  • Interest rates – may be individually negotiated and the amount you are charged will depend on your circumstances – speak to your Business Manager or Business Advisor for more details
• Interest type – fixed or variable rates
• Interest calculated
  • Fixed – calculated at inception
  • Variable – calculated daily
• Minimum term – 6 months
• Maximum term – negotiable
• Costs
  • Documentation Fee – negotiable and paid at the outset of the transaction
  • Completion Fee – negotiable and paid to transfer ownership at the end of the transaction
  • Fees and charges – may be individually negotiated and the amount you are charged will depend on your circumstances – speak to your Business Manager or Business Advisor for more details
• Terms and conditions
  • Deposit may be required
  • You claim capital allowances
  • Security may be required
  • It is your responsibility for the ongoing maintenance of the asset
  • Full terms and conditions are available on request

In the event of non payment, breach of covenant, or non compliance with terms and conditions, we may proceed to make call on, or realise any security pledged in support of the borrowing.