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DISCOVER OUR HIRE PURCHASE OPTION

Upgrade your equipment or expand your practice with our flexible Hire Purchase option. Whether you're looking to invest in new technology or need to manage cash flow, our Hire Purchase plan can help you achieve your goals.

What Is Hire Purchase?

Hire Purchase is a method of acquiring equipment where you pay an initial deposit, followed by regular monthly payments. At the end of the agreement, you own the equipment outright. It is the perfect way to improve cash flow by spreading the cost over time, and a great finance option for your practice.

This option makes it easier to manage your budget and cash flow, whilst allowing you the immediate use of the equipment without needing full upfront capital.

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What Does The Process Look Like?

Finance Hire Purchase Process



  Why Should I Consider Hire Purchase?

+ Ownership: With hire purchase, businesses gain full ownership of the equipment after the final payment and option fee, allowing you complete control over expenditure and spreading costs to minimise cash flow impact.

Tax relief: If the lessee can claim ownership of the asset at the end of the term, the asset is treated as purchased from the start. This allows the lessee (you) to capitalise the asset, claim full capital allowances, and reduce taxable profits and corporation tax liability.

Fixed interest: Hire purchase contracts have fixed interest rates and payment amounts, enhancing predictability and security. This allows for more effective budgeting and financial planning, benefiting your business and cash flow.




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FAQs

Browse some of our most frequently asked questions below.
Still can't find the answer? Feel free to give us a ring on 01304 831831 or use our contact form




On a Lease, title is negotiated with you at the end of the term. Usually you pay one extra month or quarter to receive indefinite use of the equipment. You would still realise the tax benefits from a lease.


The attached quotation generated from the portal will still show the tax relief for if you’d like to lease the equipment. If you want a Hire Purchase then that section isn’t applicable and we’ll set it up for you that you take title for £150+VAT at the end of the agreement.


Yes, simply request a form and one of the team will be in contact.


Improved cash flow. Avoid major upfront expenses that come with outright purchases and alleviate cash flow by spreading the cost over the agreed term.

Tax benefits. Finance lease rental payments can be 100% tax deductible against profits. You may also be able to claim different allowances when using our other asset finance options. (We recommend customers to seek accountant advice to find out more).

Keep up-to-date. With many of our finance solutions, you have the opportunity to upgrade at any time, allowing you to stay competitive with the latest equipment.

Overcome budget restrictions. Cash flow and budgets sometimes prevent a practice from investing in the best equipment, forcing a cheaper option that may not have the same features or qualities. Finance options allow you to get the equipment you really want by spreading the cost over a series of payments.


Established in 1990, Shire Leasing has grown to become one of the UK’s market leaders in B2B equipment leasing and asset finance solutions.




Want To Contact Us? 

Contact us below via email or phone - your account manager will be more than happy to help with any queries you may have!

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Or call us on - 01304831831