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ASSET FINANCE:
HIRE PURCHASE
An Explanation of Hire Purchase Finance
Solutions, by NGI Finance.
HIRE PURCHASE: AN OVERVIEW
Hire Purchase is a
method of financing
assets. You pay an
initial deposit and
continue with fixed
monthly payments until
you achieve the option
of gaining ownership.
Photo: Dacia
HIRE PURCHASE: AN OVERVIEW
Hire Purchase is all about
spreading the cost of an
asset, and helping the
customer to acquire the
equipment or vehicle that
they need. Hire Purchase
also has the benefit of tax
allowances.
WHAT TO FINANCE?
• Prestige Cars
• New & Used Cars
• Plant Machinery
• Construction Equipment
• Manufacturing Equipment
• Catering Equipment
• Agricultural & Farming Machinery
• Packaging Machinery
• Print Machinery
…… and much more!
HIRE PURCHASE: BENEFITS
• Low deposit – doesn’t tie up personal or business assets
• Fixed monthly payment – makes budgeting simple
• Flexibility – doesn’t compromise your other lines of credit
• Assets – you gain ownership of the asset
• Tax benefits – tax allowances for business users
• VAT free – no VAT on payments
Most importantly, financing via Hire Purchase
means that you can get your hands on what you
need, when you need it!
HIRE PURCHASE: PITFALLS
Hire Purchase is a great option,
but you must be aware of a few
things:
• Make sure you know the details of the
agreement.
• Try not to miss agreed payment dates.
• You cannot sell the asset during the
hire period without the lender’s
permission.
OTHER ASSET FINANCE
•Finance Leasing
•Asset Re-Financing
•Contract Hire
•Sale & Leaseback
•Operating Lease
DO YOU NEED HIRE PURCHASE?
NGI Finance offer Hire Purchase
solutions for all sorts of industries.
www.ngifinance.co.uk
01993 706403

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Hire Purchase & Asset Finance - An Overview by NGI

  • 1. ASSET FINANCE: HIRE PURCHASE An Explanation of Hire Purchase Finance Solutions, by NGI Finance.
  • 2. HIRE PURCHASE: AN OVERVIEW Hire Purchase is a method of financing assets. You pay an initial deposit and continue with fixed monthly payments until you achieve the option of gaining ownership. Photo: Dacia
  • 3. HIRE PURCHASE: AN OVERVIEW Hire Purchase is all about spreading the cost of an asset, and helping the customer to acquire the equipment or vehicle that they need. Hire Purchase also has the benefit of tax allowances.
  • 4. WHAT TO FINANCE? • Prestige Cars • New & Used Cars • Plant Machinery • Construction Equipment • Manufacturing Equipment • Catering Equipment • Agricultural & Farming Machinery • Packaging Machinery • Print Machinery …… and much more!
  • 5. HIRE PURCHASE: BENEFITS • Low deposit – doesn’t tie up personal or business assets • Fixed monthly payment – makes budgeting simple • Flexibility – doesn’t compromise your other lines of credit • Assets – you gain ownership of the asset • Tax benefits – tax allowances for business users • VAT free – no VAT on payments Most importantly, financing via Hire Purchase means that you can get your hands on what you need, when you need it!
  • 6. HIRE PURCHASE: PITFALLS Hire Purchase is a great option, but you must be aware of a few things: • Make sure you know the details of the agreement. • Try not to miss agreed payment dates. • You cannot sell the asset during the hire period without the lender’s permission.
  • 7. OTHER ASSET FINANCE •Finance Leasing •Asset Re-Financing •Contract Hire •Sale & Leaseback •Operating Lease
  • 8. DO YOU NEED HIRE PURCHASE? NGI Finance offer Hire Purchase solutions for all sorts of industries. www.ngifinance.co.uk 01993 706403