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Hire Purchase Explained

Customer Benefits

  • Traditional form of vehicle financing
  • You’ll receive a fixed interest rate for the loan duration.
  • Regular fixed payments to suit your business needs.
  • At the end of the agreement, assuming all payments (including the Purchase Fee) have been made, your business owns the vehicle.
  • As owners of the vehicle, your business retains any profit from the sale of the vehicle.
  • Writing down allowances may be available
  • Commercial Vehicle customers may reduce their regular payments by choosing Hire Purchase with balloon option
  • VAT deposit reclaimable (VAT registered customers)
  • 100% of interest charges can be offset against taxable profits
  • Ideal for those who require ownership of the vehicle

About Leasewell

About Leasewell

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Leasewell (UK) Limited is an Appointed Representative of Automotive Compliance Ltd, which is authorised and regulated by the Financial Conduct Authority (FCA No 497010). Automotive Compliance Ltd’s permissions as a Principal Firm allows Leasewell (UK) Limited to act as an agent on behalf of the insurer for insurance mediation activities only. Leasewell (UK) Ltd can introduce you to a number of finance providers, we may receive a remuneration if you enter into an agreement with them. Leasewell (UK) Ltd is a credit broker and not a lender.
BVRLA Registration Number: 1958 | Financial Conduct Authority Licence Number: 680005
Company Registration Number: 8242380 | ICO Registration Number: Z3604028 | VAT Registration Number: 144510638
Registered Office: Unit 26 Brynmenyn Business Centre, St Theodores Way, Brynmenyn Industrial Estate, Bridgend, CF32 9TZ