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What is Hire Purchase?

Find out about what it is and how it can help push your business forward

Hire Purchase financing

Security may be required. Product fees may apply. Finance is only available for business purposes.

Hire Purchase (HP) is where a business can hire goods (such as machinery or expensive equipment) and then pay an agreed monthly sum by instalments. You don't own the items until you have repaid in full.

Why Hire Purchase financing could be right for your business

  • Spread the cost of expensive equipment
  • Choose the payment term, from 12 to 60 months
  • Fixed monthly instalments to suit you
  • No arrangement fee to pay when you apply online

How to apply online?

Applying for HP finance couldn't be easier. Simply:

  • Start your quote by entering your vehicle type
  • Enter details about your business
  • Submit your application and we'll perform a credit search - if approved we will let you know instantly.

Timescales when applying online

Apply online

Complete the online application form. Give us details about the asset, your business and we'll give you an instant quote.

Get a decision

A dedicated Relationship Manager will call you to talk through your application. You will get your decision instantly.

Receive goods

Once everything has been approved your date for receipt of the goods will be arranged with you

Contact our team

Available Monday to Friday 9am - 5pm

  • For the fastest response, start a Live Chat
  • If you prefer a call, select 'request a call back'
  • Speak to an advisor on 0800 502 402