Hire purchase, or lease purchase, is available to corporate businesses only or for non corporate bodies where the balance to be financed exceeds £25,000 (i.e. customers who are not regulated by Consumer Credit Act).
Hire purchase provides the customer with similar cash flow benefits to lease rental, but all the VAT on the cost of the system is payable with the initial payment. The customer would obtain tax relief on the interest element of each payment and on capital allowances on the equipment, rather than on each rental payment they make.
The staff at Focus Leasing are always happy to help and they sort out everything for us, from raising the paperwork to liasing with the supplier, and keeping us up to date. This certainly makes things easier and less time consuming and takes the hassle out of sorting the lease. We would recommend their services and will certainly be using them again in the future.
Focus Leasing, 1 London Road Office Park, London Road, Salisbury. SP1 3HP