A financial decision today needs to look after your business tomorrow. A commercial hire purchase is a safe and certain loan solution. Essentially a hire purchase is similar to a lease. For a regular repayment you have your asset in hand while your lender holds its ownership. South Hampton Finance secures you flexible repayment terms ranging from 1 to 5 years. So you can immediately enjoy the benefits of of your asset without the onus. Once the loan period is complete the title is then transferred into your name. It really is that simple.
Tax benefits are one of a hire purchase loan’s key attractions. The interest component of your loan is usually tax deductible. So there are some good tax reasons for choosing a hire purchase loan.