A Hire Purchase agreement is

·         Available over terms of 2 to 7 years

·         Full cost of equipment covered

·         VAT on equipment paid on activation and can be included in the financing

·         Equipment cost (incl VAT) can be fully offset against your profits  in the financial year agreement is activated

·        Ownership automatically passes to practice once final repayment paid

·        Funds paid to Supplier(s) not practice

Benefits of HP

·       Offset whole equipment price immediately on activation – quicker tax save than lease

·       Matches earning from asset to paying for asset leaving your cashflow to focus on increasing profits eg by advertising, recruiting additional staff or adding more stocks of frames

·       Takes advantage of low rates and fixes across the term

·        No deposit required