Get a Hire Purchase quote
If you're after commercial vehicle finance solutions, with an option to become the owner of the asset at the end, get a quick indicative Hire Purchase quote now.
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Commercial Vehicles Hire Purchase
Hire Purchase for HGV's, trucks, trailers, buses and coaches
Security may be required. Product fees may apply. Finance is only available for business purposes.
Lombard commercial vehicle Hire Purchase explained
- Find your own vehicle – You have the freedom of choosing large commercial vehicles that work best for you and your business, for the best price.
- No restrictions on mileage – You will not be limited to a specific mileage when opting for equal monthly payments on your Hire Purchase commercial vehicle.
- Flexibility of payments – For example: by paying a higher, end-of-term balloon payment sum, you can decrease the monthly costs of your asset hire and inject cash back into your business.
- No arrangement fee – If you apply online there’s no arrangement fee to pay.
- Personal agreed Hire Purchase term – We will help you decide which term length works best for your business, with the flexible duration between 12 and 60 months available.
- Flexible interest rates – With a choice of fixed or variable rates, you could make the choice that best suits you and your business.
- Reduction of tax payments – Allowances and capital grants may be claimable on your agreement. It may also be possible to offset repayment interest against your business profits and claim back VAT.
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
Get a Quote for Hire Purchase
Specific eligible assets are available via the quote tool.
Large commercial vehicle Hire Purchase with Lombard
Using a Hire Purchase agreement to finance assets, such as large commercial vehicles, is a flexible way of acquiring machinery for your business that allows you to become the lawful owner of the assets at the end of the hire term. During the term of your agreement you will be the registered keeper of the vehicles, having full liability of maintenance and repairs, with Lombard acting as the legal owner until your last payment. Once the final payment known as the ‘balloon payment’ is settled, the ownership is transferred over to you.
Lombard offers flexible Hire Purchase agreements, tailored to your business needs and budget. To find out more on this asset financing method, and how it compares to other solutions we provide, visit the Hire Purchase page.
Is Hire Purchase the right solution for my business?
Lombard Hire Purchase is a flexible asset finance solution for businesses. Enterprises such as sole traders, partnerships and limited companies that plan on utilising large commercial vehicles for business use only, can reclaim VAT by offsetting finance repayment interest rates against business profits. We offer Hire Purchase on large vehicles, ranging from coaches and buses, to HGVs over 3.5t GVW and even trailers.