The LB Finance Hire Purchase facility is a simple yet highly flexible option, which allows you to spread payments over a specific period. The interest rate is fixed at the beginning of the agreement so that customers enjoy protection against interest rate rises during the period and consequently the benefits of easier budgeting.
Benefits of LB Finance Hire Purchase:
- Available for both business and individuals
- Your initial capital outlay is reduced allowing your funds to be retained in your business
- The interest may be allowable against tax
- Monthly payments are fixed, so budgeting is easier
- Corporate clients could add your vehicle/ equipment as an asset on your balance sheet
- Hire Purchase is not subject to VAT
- Hire Purchase facilities for extended for even pre-owned vehicles
In short, The LB Finance Hire Purchase facility lets you enjoy complete “usership” even before “ownership”!