HIRE PURCHASE
A Hire Purchase agreement is where the financier owns the goods and gives possession and use to you in return for regular instalments. When the final instalment is made you own the goods.
However for tax purposes, your are regarded as the owner from commencement of the Hire Purchase Agreement and if the goods are used for business purposes then depreciation & interest charges that relate to the business use are tax deductible.
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The instalments are generally paid either monthly, quarterly, semi-annually or annually. If you a have a business that has seasonal income, you can elect to make your repayments on a seasonal or irregular basis.
For further details please complete the Enquiry Form on this page or Contact Us at Broadlink.
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Quick Enquiry Form
Leasing
A Finance Lease can be an effective way for a company to acquire goods.
The financier purchases the asset on your behalf with the financing costs calculated on the purchase price of the goods. The goods are then leased from the financier at an agreed rental for the period of the lease.
The lease rentals are generally paid either monthly, quarterly, semi-annually or annually. If you a have a business that has seasonal income, you can elect to make your repayments on a seasonal or irregular basis.
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The rentals are generally a tax deduction based on business use. A residual value is required for a finance lease, however, this can be negotiated within an approved range at the commencement of the lease.
For further details please complete the Enquiry Form below or Contact Us at Broadlink. |
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