Textile manufacturer, S Dawes Textiles, secures machinery deal with support from Lombard.
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.
Finance subject to status. Guarantees and indemnities may be required.
You can choose to reduce your monthly payments by paying a larger sum at the end (known as a Balloon Payment).
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).
Your business may be able to offset the interest charges against trading profit
We offer a choice between fixed or variable interest rates – just pick whichever suits you best.
Customers may be responsible for any maintainance or repairs due on their asset. Contact us or see your contract terms for more details.