Hire new equipment and own it afterwards with Hire Purchase
Why choose Lombard as your machinery finance provider?
Flexibility – You have the option to pay a larger final sum, known as a balloon payment, to reduce your monthly payments.
Flexible interest rates – Choose between fixed or variable rates on your hire period.
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
Machinery Hire Purchase with Lombard
Lombard’s Hire Purchase can help you with upgrading machinery to speed up crucial processes in your business. Hire Purchase is a great option for those after machinery finance with an option to buy the assets after the agreement. We buy the machinery and hire it to you for a fixed monthly rate over an agreed period. It is calculated by removing the deposit and agreed lump sum from the costs of the equipment. We act as the legal owner until the last payment of your machinery hire agreement is made, at which point ownership is transferred over to you,