If you like the idea of owning the car or van 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 vehicle at the end.

Hire Purchase will help you by:

  • Putting you in control - you decide whether to buy the vehicle 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 offers you exceptional flexibility. At Lombard, we can provide a Hire Purchase solution tailored to your requirements, for example, with a flexible deposit, fixed payments and a final lump sum. Use the calculator below to explore rates and repayments.

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.