With Lease Purchase it allows you to pay VAT upfront and regular monthly payments along with a balloon payment at the end (usually done to keep monthly payments down) and the asset is yours to keep. However if you choose that you no longer need the asset it can be sold to pay the balloon payment back.
Choosing Hire Purchase allows you to pay VAT upfront and regular monthly payments. Hire Purchase gives structured repayment periods to suit your cash flow as well as fixed monthly payments available to help with budgeting or variable rates if preferred.
Once you’ve made all the repayments the asset is yours to keep, with no hidden payments and no large end payments to make.
At ABL Business we support a wide range of businesses, which is why we can help you to get asset finance for any of the following items:
We understand that every business is different which is why we work to find a solution that suits your needs. We are happy to sit down with you to talk you through all your different options.
At ABL Business Ltd we have access to over 150 funders and rates from 4.8% APR*, so whether it’s new or used we can find a solution that fits you and your business. We pride ourselves on finding the best deals available, taking into account your needs, how long you want to make payments over and how much you need.
*Rates subject to application.
Fill out the form below, and one of our experts will call you back to discuss the right finance options for your business.