Hire purchase or Leasing can be the most financially efficient means of acquiring assets for UK businesses, whether sole trader, partnership or limited company operations.

There are practical benefits too, plus commercial advantages that make it the best choice for most business situations :

• Full use of equipment or vehicles without delay
• No large cash deposits normally required
• Spreads the cost over the life of the asset
• Equipment can pay for itself out of earnings
• Helps cash flow and increases profitability
• Easier budgeting - fixed regular payments aid financial control
• Investment opportunities can be taken as they arise - saves time in raising capital, quicker reaction to market changes
• Conserves capital and credit lines for other needs
• Tax efficient - lease rentals normally fully tax deductible