Hire Purchase with Balloon Payment
Pay your agreed deposit as per hire purchase. Choose to make a final `balloon` payment at the end of your contract to significantly reduce your monthly repayments.
Benefits to you:
- Ownership of vehicle
- Flexible deposit
- Repayments over a fixed period
- Fixed or variable interest rates
- Payments not subject to VAT
- Interest may be allowable against taxable profits
- Writing down allowances are claimable
- Vehicle appears as an asset on your balance sheet
- An additional line of credit
- Repayments in advance or arrears