If you like the idea of owning an asset and spreading the costs to help your cash flow, it's worth considering Hire Purchase from Lombard.

Hire Purchase - also known as Lease Purchase - gives you the certainty of fixed costs for the duration of the agreement and the option to buy the asset at the end.

Hire Purchase will help you by:

  • Putting you in control – you decide whether to buy the asset or not at the end of the agreement.
  • Giving you flexible payments – you can reduce monthly payments by paying a final lump sum - known as a balloon payment.
  • Offering interest choices – you can choose fixed or variable interest to suit your needs.
  • Reducing your tax payments – you can usually claim 'writing-down' allowances and capital grants. You may also offset repayment interest against your profits and reclaim VAT (special rules apply to cars).

Hire Purchase is a type of asset finance solution that brings you exceptional flexibility. At Lombard, we can provide a Hire Purchase solution that suits you, for example, with a flexible deposit, fixed payments and a final lump sum.

Security may be required and product fees may apply.

Assets you can fund with hire purchase

Security may be required and product fees may apply.