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Hire Purchase

Hire Purchase provides the flexibility to spread the cost of an asset over a fixed period. It offers you fixed monthly repayments, so you can manage your budget effectively over the repayment term. Plus, when the repayment term is finished, you own the asset.

Hire Purchase solutions designed to help

A Hire Purchase agreement allows outright ownership of the asset at the end of the agreement term.

In addition the asset may potentially be claimed against your taxable profit, under capital allowances, which is an advantageous tax benefit that should be explored.

Have any questions? Take a look at the frequently asked questions.

Benefits of Hire Purchase include:

  • Easier cash flow budgeting as repayments are fixed
  • Capital preservation - existing funds can be used elsewhere
  • Interest charges can be offset against profits for taxation
  • Outright ownership on completion of the agreement

How to apply for a Hire Purchase agreement

Simply tell us how much you wish to finance, the purpose and the term you prefer. Our finance agreement will be tailored to suit you with fixed payments over an agreed term.

With our in-house specialist underwriters providing quick decisions the funds will be paid into the suppliers bank account.

Take the next step

Hire purchase client testimonials

I've had nothing but a wonderful service from Steve and Braemar, so hopefully I'll be able to give you some business in the future.

Syed Yusef Ali

Ivy House Dental Practice, Ramsgate

When I needed finance for my car I contacted Braemar Finance. The communication and reliability was superb and within days the paperwork was sorted and my new car was sitting on my driveway. Thanks to the efficiency and the ease of process from Braemar.

Hester McIntosh

Optician, Hampshire