Key features of InterBay’s Hire Purchase agreements
- Standard repayment terms are 2-5 years
- Up to 7 year terms available for long-life assets
Our Hire Purchase repayment options:
- VAT deferral – delay paying VAT for up to 4 months
- Seasonal payments - schedule payments to match the seasonality of a business’s cash flow
- Escalating profiles – increase payments over time to match business productivity and growth
- Low or zero deposits – we can offer agreements with little or no deposit
- Balloon payments – pay a lump sum at the end of the agreement to reflect the anticipated future value of the asset
Why choose Hire Purchase?
- Repayments can be tailored to match cash flow
- Ownership of the asset at the end of the agreement for a small fee
- VAT deferral available
- Benefit from tax efficiencies with potential to offset interest and charges against tax
InterBay’s Hire Purchase agreements are perfect for SMEs and corporates who want to invest in new or used equipment.
As experienced asset financiers we can support a diverse range of businesses, from large corporates to new start SMEs.