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.
Thank you for your email, really appreciate you keeping in touch.
We are perfectly happy with our arrangement with you – you offer such a ‘pain-free’ service.
At present, we haven’t any need to enter into any further payment agreements. But if we require and advice or should the opportunity arise, I shall contact you, as you are so obliging!
Thank you again and please do keep on keeping in touch!
Focus Leasing, 1 London Road Office Park, London Road, Salisbury. SP1 3HP