What is a Hire Purchase?
The Hire Purchase agreement is a straightforward repayment facility. Having completed the repayments you take ownership of the equipment upon payment of a nominal fee. Unlike a loan, until this final payment is made ownership of the assets remain with SMGFS.
Why would Hire Purchase suit your business?
- If you require on balance sheet financing
- If equipment ownership is important to you
- If you want to acquire assets over a pre-determined period
- If your require an alternative source of credit
| Features |
Benefits |
- On balance sheet accounting
- Customer takes ownership at end of term
- Payments structured to meet budget
|
- Retention of cash flow
- Regular Payments
- Existing credit lines preserved
- Cost of acquisition spread overtime
- Capital allowance potential
|
OTHER SMGFS PRODUCTS
