What is Hire Purchase?
Hire purchase is a type of financing option that allows you to purchase an asset, such as a vehicle or piece of equipment, without having to pay the full amount upfront.
With hire purchase, you can spread the cost of the asset over a fixed period of time, making it easier to manage your cash flow.
You will typically pay an initial deposit, followed by a series of fixed monthly payments.
Once you have made all of the payments, you will own the asset outright.
During the repayment period, the finance company retains ownership of the asset, but you are able to use it as if it were your own.
At Frazer Finance, we offer a range of hire purchase options to suit the needs of businesses of all sizes and sectors. Whether you need to invest in new vehicles, equipment, or technology, our hire purchase solutions can provide you with the funding you need to grow and thrive.
How the process works
We discuss what you need
Just fill in the details below
We find the best package for you
We access a wide range of lenders to get the right deal
We manage your application
We liaise with the finance company for you
The finance company agrees terms
We guide you through credit checks etc. to agreement
We arrange delivery of your asset
The fun part! Your asset is delivered.
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