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Hire Purchase

This type of agreement enables the purchase of costly equipment through an instalment plan. The goods remain the property of Praetura until the final payment has been made; the final payment will include a one-off option-to-purchase fee, which will transfer ownership to the purchaser.

 

Hire purchase is suitable for a wide range of asset types, from vehicles to manufacturing equipment, and is helpful for businesses that need to replace old, defunct items or expand their services with state-of-the-art equipment. Praetura’s aim is to support through funding, so we take the individual needs of a business into consideration, including quirks particular to the market sector like seasonal cash flow patterns, and tailor facilities to match individual company cashflow.

With hire purchase, the amount and date of monthly repayments are set, which is essential for business budgeting and cash flow purposes. In addition, they aren’t subject to VAT and other charges can often be offset against profits for taxation.

If hire purchase sounds like the ideal solution, get in touch and we’ll run through it in more detail.

Still Unsure?

If still unsure, check out our common questions page to see a list of answers to questions regularly asked by our potential customers.

Business equipment available for hire purchase

Praetura won’t dictate where equipment should be bought; though we have a history of excellent relationships with suppliers and manufacturers, and so can help source the right assets with the best terms. It is even possible for us to draw up a hire purchase agreement for multiple items sourced from different suppliers.

We provide hire purchase solutions for:

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Agricultural Equipment

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Construction Equipment

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LCVs and HGVs

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Buses and Coaches

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Engineering machinery

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Manufacturing equipment

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Waste and recycling equipment

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Cars for business

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Executive, luxury and super cars

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Plant and machinery

Contact Us

If you would like to speak with us, then you can get in touch via our contact page.

Management

Our Management page contains more information about the managing directors of Praetura Asset Finance.

Questions?

If you would like to speak with us, then you can get in touch via our contact page.