Hire Purchase

What is Hire Purchase?

Hire purchase enables businesses to purchase new assets without compromising cash flow by staging the payments over a longer period. By paying a hire purchase company through a series of instalments, you avoid the need to buy the asset outright and reduce the impact of the investment on your business.

Although you’ll be responsible for the asset’s maintenance throughout the duration of the hire purchase contract, the fixed monthly payments help with budgeting and, at the end of the agreement, your company will have the option to buy the asset.

As a specialist asset based finance broker, Hilton-Baird Financial Solutions has access to a wide range of asset finance providers and can help your business secure the most suitable facility. To discuss your requirements with one of our expert team, call 0800 9774833 or request a call back.

Request an asset finance quote

How does hire purchase work?

  1. Hire purchase company buys the asset you require
  2. You then lease it from the hire purchase company in return for regular payments
  3. Once the hire purchase contract is over, you decide whether or not to buy the asset
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Find the right hire purchase company

As an award-winning and FCA-authorised commercial finance broker that specialises in asset based finance, we have access to a wide range of hire purchase companies on the market, giving our clients real choice.

We’ll discuss your unique needs and wants to introduce the most suitable finance companies and facilities.

Call our team today on 0800 9774833 or request a call back to discuss how hire purchase could work for you, or request an asset finance quote.

We were really impressed with the speed at which we could get a facility in place. Hilton-Baird recognised and related to our situation and worked with speed and efficiency to get us up and running.

Steve Marney, Managing Director, South East Construction & Recruitment

Some of the funders we work with

  • InvoCap
  • Clear Factor
  • Sonovate
  • Time Finance
  • Barclays
  • Trade Finance Partners
  • Nationwide Finance
  • IGF Invoice Finance
  • Regency Factors
  • Close Brothers Invoice Finance
  • inFund
  • Giant
  • Optimum Finance
  • iwoca
  • Pulse Cashflow Finance
  • Castlebridge
  • FIBR Tech Limited
  • PNC Business Credit
  • Merchant Money
  • Santander Corporate & Commercial
  • Metro Bank SME Finance
  • Ultimate Finance Group
  • Boost Capital
  • Berkeley Trade Finance Ltd
  • Team Factors
  • Selina Finance
  • Bibby Financial Services
  • Investec
  • MarketFinance
  • Davenham Asset Finance
  • MaxCap
  • Accelerated Payments
  • Royal Bank of Scotland
  • Asset Advantage
  • Skipton Business Finance
  • Leumi ABL
  • Partnership Invoice Finance
  • Nucleus Commercial Finance
  • Praetura Invoice Finance
  • Aldermore Invoice Finance
  • Shawbrook Business Credit
  • Roma Finance
  • Lloyds Bank Commercial Finance
  • Davenham Trade Finance
  • Tradeplus24
  • Peak Cashflow
  • Secure Trust Bank
  • Creative Capital
  • 4Syte
  • Woodsford Tradebridge
  • Blazehill Capital
  • ABN AMRO Commercial Finance
  • Haydock Finance Ltd

Authorised and regulated by the Financial Conduct Authority (FCA number 730445)
We are a credit broker and not a lender and offer credit facilities from a panel of lenders

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