Acquire the assets your business needs, spread the cost over an agreed term, and own the asset outright at the end. Searched across 120+ lenders to find the most suitable arrangement.
Hire Purchase lets your business acquire the asset it needs today and pay for it in fixed monthly instalments over an agreed term, typically between 12 and 84 months. Each payment covers the asset's depreciation and the cost of financing the outstanding balance.
At the end of the agreement you own the asset outright, usually for a nominal option-to-purchase fee. Throughout the term you have full use and possession of the asset, exactly as if you had purchased it outright.
We search across more than 120 lenders to find the arrangement best suited to the asset type, the business profile, and the term required.
Lower the initial outlay and gain a fixed monthly payment you can plan around, over a term that suits the working life of the asset.
For businesses with peaks and troughs, monthly repayments can be structured to align with your revenue cycle.
You have full use and possession of the asset throughout the repayment period.
Interest payments are typically tax-deductible. Speak to your accountant for your specific position.
VAT-registered businesses may be able to reclaim the VAT element on the purchase.
At the end of the agreed term the asset is yours outright, typically for a small nominal fee.
Vans, pickups and light commercial vehicles for business use.
General plant, powered access, lifting equipment and more.
Tractors, harvesters, implements and farm machinery.
Excavators, dumpers, telehandlers and groundworks equipment.
CNC machines, presses, lathes and production-line assets.
Workshop equipment, tooling and specialist engineering plant.
Heavy goods vehicles, trailers and fleet additions for hauliers.
Ambulances, tippers, refrigerated units and bespoke conversions.
Fishing vessels, workboats and associated marine equipment.
Servers, networking, software hardware and technology infrastructure.
Commercial ovens, refrigeration, kitchen fit-outs and food service assets.
Solar installations, heat pumps, EV chargers and energy storage systems.
An engineering business near Evanton came to us after a frustrating experience trying to arrange van finance online. Alana arranged a hire purchase agreement on a new Maxus with a VAT-only deposit, a 60-month term matched to the manufacturer warranty, and zero upfront fee to engage with us. The customer came in on his way home from work and left with everything sorted.
Arranged by Mackenzie Commercial Finance.
Read the full case study →No upfront fee. No obligation. 120+ lenders.