Hire purchase | Lombard

Hire purchase

Fixed payments and the choice to own the vehicle at the end of the agreement

Get a hire purchase quote

Security may be required. Product fees may apply. 

Finance is only available for business purposes.

Why choose hire purchase?

Hire purchase (or lease purchase) lets you spread the purchase cost of an asset over a longer period with fixed regular payments. It can be designed to suit your business and we offer flexibility on the cost of your deposit, fixed payments and the final lump sum. 

Flexible repayments

You can choose to reduce your monthly payments by paying a larger sum at the end (known as a Balloon Payment).

Reduce tax payments

Writing down allowances and capital grants may be claimable on your agreement. You may also be able to offset repayment interest against your profits and reclaim VAT (rules apply).

Stay in control

Your business may be able to offset the interest charges against trading profit

Choice of interest rates

We offer a choice between fixed or variable interest rates – just pick whichever suits you best.

Customers may be responsible for any maintenance or repairs due on their asset. Contact us or see your contract terms for more details.

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