Hire Purchase for Haulage & HGV
What is a Hire Purchase?
A hire purchase is a traditional financing agreement whereby the buyer agrees to make regular payments over an agreed period of time in order to ultimately own the asset. You would pay for your Haulage vehicle/HGV in regular instalments until you meet the total value of the asset.
The main benefit of a hire purchase is that it allows the buyer to take ownership of an item immediately, rather than having to wait until they have saved up the full amount. This additional flexibility helps Haulage companies to manage their budgets and cashflow better. At the end of the contract, you can choose to continue using the asset or sell it on.
Fixed monthly costs to help with budgeting
Ownership of the vehicle at end