Lease & Hire Purchase is more suited to equipment, which has higher future values and where the customer wishes to own the equipment at the end of the agreement. Lease & Hire Purchase is only available to Limited Companies. In the case of Sole Traders or Partnerships it is only available where the amount financed exceeds £25,000.

Affordable payments, designed to match the customers budget are made throughout the agreement period.

At the end of the agreement the customer has the option to own the equipment for a nominal fee, usually £50.

From a Tax point of view, as the customer can gain title to the equipment they claim writing down allowances on its cost as though they had bought it outright.

Interest charges made throughout the year are also a Tax allowable expense, reducing the cost of financing the equipment.