Hire Purchase (HP) is where a business can hire goods (such as machinery or expensive equipment) and then pay an agreed monthly sum by instalments. You don't own the items until you have repaid in full.
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What is Hire Purchase?
Find out about what it is and how it can help push your business forward
Why Hire Purchase financing could be right for your business
- Spread the cost of expensive equipment
- Choose the payment term, from 12 to 60 months
- Fixed monthly instalments to suit you
- No arrangement fee to pay when you apply online
How to apply online?
Applying for HP finance couldn't be easier. Simply:
- Start your quote by entering your vehicle type
- Enter details about your business
- Submit your application and we'll perform a credit search - if approved we will let you know instantly.
Timescales when applying online
Apply online
Complete the online application form. Give us details about the asset, your business and we'll give you an instant quote.
Contact our dedicated team
Available Monday to Friday 9am - 5pm
- For the fastest response, start a Live Chat
- If you prefer a call, select 'request a call back'
- Speak to an advisor on 0800 502 402
Calls cost no more than regular calls to geographic numbers (01 or 02) and are included in inclusive minutes and discount schemes. Calls from landlines are typically charged up to 10p per minute; calls from mobiles typically cost between 10p and 40p per minute. Calls from landlines and mobiles are included in free call packages.