Hire Purchase

A fixed term hire purchase finance agreement commonly used for hard assets such as vehicles, plant and machinery. Increased tax benefits with the new 130% super-deduction tax may apply.

Asset finance solutions available to all businesses

From new start businesses to established companies we have a wide selection of hire purchase finance solutions to help you. We have worked with thousands of businesses within the UK from all sectors and industries, how can we help you?

  • HP finance from just £1,000
  • Typical terms from 1-7 years
  • VAT only deposits available
  • Tax advantages (130% super-deduction tax)
  • Quick credit decisions
  • Incorporated businesses only
  • Suitable for a range of assets
  • Purchase agreement – confirmed ownership
The NEW Recovery Loan Scheme

Government-backed funding for businesses recovering from the COVID-19 pandemic – CLICK HERE

Bluestar Leasing are equipment finance specialists. Whatever equipment you need for your business, we can help. Popular assets financed on a Hire Purchase agreement include:

  • Vehicles
  • Machinery
  • Plant
  • Generators
  • Construction Equipment
  • Medical / Dental Equipment
  • Gym Equipment
  • Technology
  • Catering Equipment
  • Extraction Systems
  • Office Equipment
  • Print Equipment
  • Security Systems / CCTV
  • Furniture
  • and more…

A fixed term commercial hire purchase agreement commonly used for hard assets such as vehicles, plant and machinery.

Hire Purchase is a very popular finance agreement for asset finance, commonly associated with financing harder assets such as vehicles, plant and machinery, although other equipment can be financed too. From the 1st April 2021 the government introduced the 130% super-deduction tax (SDT) which provides significant tax benefits for qualifying assets. The SDT runs until 31st March 2023 and hire purchase agreements qualify. Please speak to your accountant to find out more. Unlike a lease agreement, the entire goods VAT element is payable upfront together with a cash deposit, typically 10%. We are able to offer VAT only deposits for certain assets. We can also provide a ‘sale & hire purchase back’ agreement for recently purchased qualifying assets. Can we help you with anything today?

Recently Funded

A large IT data centre required 3 x generators to ensure sufficient back up power was in place. We secured a hire purchase agreement with no deposit required.

£152,000 over 5 years / £2,900 per month

A timber merchant required a new company vehicle for customer deliveries. The vehicle was used and the customer wanted to pay a healthy deposit to reduce the monthly payments.

£19,000 over 4 years / £368 per month

An engineering company based in Birmingham required a new scissor lift for their warehouse. The finance was secured on a hire purchase agreement with no deposit.

£10,000 over 3 years / £317 per month

Our quick, competitive and professional finance solutions can help your business with all your finance requirements. Speak to our friendly team on 01420 481 500.

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