The benefits of Hire Purchase

  • Simple, straightforward product

    VAT is paid up front and you make your own arrangements for maintenance, repairs and servicing.

  • Tax advantages

    As well as reclaiming VAT (if VAT registered), you may be able to claim capital allowances and also offset repayment interest against profits.

  • Finance structure to suit you

    With a flexible deposit, fixed or variable payments, and the option of a final balloon lump sum payment at the end of the agreement, you choose how the finance is structured.

  • Ultimate ownership

    You have the right to buy the asset at the end of the agreement term.

Business people looking at documents

Arranging a Hire Purchase

We work with out intermediary partners to help SMEs access our range of Asset Finance products. If you're an Aldermore customer, please speak to your existing Asset Finance intermediary.

If you don't have an Asset Finance intermediary, we specialise in arranging funding in the Construction and Transportation sectors.

Not sure if Asset Finance is right for you?

We offer a range of flexible finance options where you can make regular repayments over an agreed period to suit your needs.

Discover our full business finance range to see if there is something more suitable for you.

Manufacturer at machine

T&Cs will apply, subject to status and affordability. Any asset used as security may be at risk if you do not repay any debt secured on it.