If you are looking for Hire Purchase then UK Leasing and Contract Hire features some quality car and van finance suppliers. If you are looking to purchase a vehicle and own it at the end of the contract then Hire Purchase could well be suitable for you. Once the full set of finance payments has been made the asset is owned outright so you can choose to keep the vehicle or dispose of it and keep the proceeds.

It is a structured straightforward repayment facility. A pre-agreed deposit is paid and the balance is spread over the agreed period of the loan.

Major features and benefits

• For a business person the asset appears on the balance sheet.
• With ownership you have total control over the asset.
• If you are a business ownership normally carries the potential for claiming writing down allowances.
• One can reclaim the VAT on the asset's cost for a business.
• Fixed interest rate.
• For businesses then interest element of repayments can normally be offset against taxable profit.