Hire Purchase

You select the supplier and the equipment you want. We agree with you a repayment plan for the equipment – usually between 1 and 5 years. The supplier delivers the equipment to you and we pay the supplier. You have direct ownership of the equipment. At the end of the repayment period, upon receipt of an option to purchase fee, the equipment is yours. Hire Purchase helps by spreading the cost of expensive items over an extended time period. All interest costs are off set against tax as they are paid and you claim Tax Write Down allowances.

Leasing

If you require equipment, but do not wish to layout all the VAT when making the purchase, then Leasing maybe for you! Leasing is an effective way of obtaining equipment through a finance agreement that is gentle on cash-flow. It is available from 1 to 5 years and quite often there are substantial tax benefits associated with leasing. All the lease rentals paid can be offset against tax.

All the payments are subject to VAT.

Refinance

If you are looking at raising cash in your business, we specialise in refinancing both equipment that you own to release.

 

As part of 1pm plc we are also able to offer additional financial services:

  • Invoice Finance
    Invoice Finance enables your business to raise funds and draw money against sales invoices before your customer has paid.
  • Business Loans
    We can obtain business loans for your business. We can assist you in this process from start to finish working with you and/or your advisors to collate the necessary information required for the application.
  • Property Loans
    We are able to provide a range of solutions including first and second charge mortgages, Bridging Loans and Buy-to let-mortgages
  • Equipment Finance
    Finance options for a wide range of equipment
  • Vehicle Finance
    Vehicle sourcing and funding solutions including cars and commercial vehicles

Contact us now on 01455 554519 to discuss how we can assist you with finance for your business.