Hire Purchase

If the aim is to spread the cost of the financed asset and own it outright at the end of the term, Hampford Trust Fund’s Asset Finance specialists can provide credit to achieve this. Hire Purchase (HP) is a convenient, fast and easy to arrange form of finance.

Hire Purchase is a convenient, fast and easy to arrange form of finance.

• Spread the total cost of the asset after paying a deposit into fixed monthly instalments over a fixed term
• Take ownership of the asset upon payment of the final instalment (includes an Option to Purchase fee)

Leasing

Leasing is a convenient and cost effective way of being able to obtain the very latest equipment while it is being used. At the end of the agreement the customer may have the option to return the equipment or continue to use it for a charge.

Equipment leasing makes sense:

• Frees up working capital
• Preserves existing credit lines
• Enables simple budgeting through fixed regular payments
• Tax efficient - depending on the type of asset, payments for your lease agreements may be at least 85% deductible from your annual profits

Contact Hampford Trust Fund’s Specialist Business Finance team via email on assetfinance@htfunduk.com. 9am to 5pm Monday to Friday, excluding Bank Holidays

What we offer:

• Minimum transaction size: £2,500. For transactions over £100,000 we will require more detailed information about the deal
• Maximum transaction period: 60 months, although we offer a 6 and 7 year term for high goods vehicles, coaches and buses
• Minimum age for individual applications: 21 years
• Our Hire Purchase and Leasing facilities are available via FCA authorised introducers throughout mainland Great Britain