Why choose Lombard as your Hire Purchase provider?
Source it yourself – We buy the assets that you find yourself, meaning you can shop around for the best prices.
Personalised payment plan – The monthly payments, deposit and lump sum for your asset, will be tailored to your business and its needs.
Tailored interest rates – Choose between fixed or variable interest rates.
Reduction of tax payments – It may be possible to offset repayment interest against your business profits and claim back VAT. Allowances and capital grants may also be claimable on your agreement. (Special Rules may apply)
Tax reliefs referred to are those applying under current legislation which may change. The availability and value of any tax reliefs will depend on your individual circumstances
Renewable energy Hire Purchase with Lombard
A Hire Purchase could be a great solution for businesses looking to invest in green energy sources and energy efficient equipment, but to do so without lump sum payments affecting cash flow. You find the necessary equipment, we purchase the equipment on your behalf and you hire it for a regular monthly rate as we offer a fixed or variable rate. Our flexible arrangements allow you to put down a deposit, or pay a larger sum (the Balloon Payment) at the end in order to keep monthly costs down.
During the hire period, you are still the registered keeper of the equipment and the responsibility of maintenance and repairs is yours. After the Balloon payment is settled, you have the option to become the legal owner of the assets.