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Hire Purchase

Spread the cost of an important capital purchase over time.

Acquire essential assets for your business using a Hire Purchase agreement. By simply paying a fixed cost each month you can own essential business assets without tying up capital, helping you to manage your working capital and business cash flow more effectively.

Lending criteria

Borrow up to 100% of asset cost
Balloon payments considered
Credit lines available
Maximum repayment terms, up to 7 years
Non-regulated deals only
VAT deferral available
Maximum bank customer exposure £5m
Lending in the range of £10,000 to £500,000 per single asset

We lend against the following

Trucks and trailers
Buses and coaches
Plant and machinery
Agricultural plant
Machine tools
Material handling
Waste management
Production and packaging
Wheeled assets
Cranes
CNC machinery
 

Key features

Flexible repayment profiles
Repayment terms up to 7 years
You can claim any applicable capital allowances
Tax efficient – you can offset your hire purchase interest and charges against your pre-tax profits
Reclaim your VAT on the capital cost

Key Features

Flexible repayment profiles
Repayment terms up to 7 years
You can claim any applicable capital allowances
Tax efficient – you can offset your hire purchase interest and charges against your pre-tax profits
Reclaim your VAT on the capital cost

Why choose us

At Cambridge & Counties Bank we know that not all asset finance deals are the same and they don't fit into distinct credit criteria. Because of this, our experienced front line and manual underwriting teams work closely to make sure we structure the ideal loan for your requirements. We are also part of the Finance & Leasing Association which means you have additional peace of mind when it comes to your asset finance borrowing needs.

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