Hire Purchase Finance
- Flexible hire purchase finance for UK businesses
- Spread the cost and own the asset at the end
- Fixed monthly payments with clear terms
- Hire purchase for vehicles, equipment and technology
- Fast quotes and quick approvals
- Business hire purchase from 12–60 months
Hire Purchase Finance for Business
Hire purchase finance allows businesses to spread the cost of equipment, vehicles and technology into manageable monthly payments while working towards ownership. With a hire purchase agreement, your business can acquire the assets it needs immediately and pay for them over time with fixed monthly instalments.
We arrange hire purchase finance for companies across the UK, helping them fund vehicles, machinery, IT and other business-critical assets without large upfront payments.
What Is Hire Purchase Finance?
Hire purchase finance is a type of asset finance that allows a business to acquire equipment or vehicles by paying in instalments over an agreed term.
Once all payments are made, ownership transfers to the business. Many companies choose hire purchase for business because it offers predictable monthly payments and a clear route to ownership. Rather than using valuable cash reserves to buy assets outright, hire purchase allows businesses to invest in growth while keeping working capital available.
Benefits of Hire Purchase Finance
Using hire purchase finance can offer several advantages for businesses.
- Full ownership when you finish payments
From day one, you get full use of the asset — and once your final payment is made, the asset becomes yours.
- Affordable payments to support cash flow
Instead of paying a large lump sum upfront, you spread the cost over a period that suits your business. That means you can preserve working capital for growth, staff, stock — whatever you need.
- Fixed, predictable payments for budgeting
Hire Purchase agreements typically have fixed interest rates and fixed monthly payments, making financial planning and cashflow forecasting easier and more reliable.
- Immediate access — no need to wait
Once the agreement is arranged, you get the asset and can start using it right away — whether that’s machinery, vehicles, IT equipment or other business-critical tools.
- Suitable for long-term assets and investment
Hire Purchase works especially well when you plan to use an asset for many years — giving you long-term value, helping with depreciation, and ensuring you own the asset when the deal ends
How Hire Purchase Works
Your business chooses the asset
A deposit may be paid
Fixed monthly payments are agreed
The asset is used by your business Ownership transfers at the end
Here are just a few examples of the types of assets we can help you finance:
Hire Purchase for Supporting Services
At Reality Finance, we go beyond just funding hard assets. We understand that the services and solutions supporting your business are just as critical to its success. That’s why we offer flexible, monthly payment options for a wide range of services, helping you invest in what matters most without upfront financial pressure.
Consultancy services
Software solutions
Services and upgrades
Customer success plans
Data management and quality control
Installation and delivery
Get a Hire Purchase Quote
If you’re planning to buy equipment or vehicles, we can provide hire purchase finance options for you to review. Send us:
a quote
an invoice
or a rough cost
We’ll come back quickly with clear monthly payment options your business can consider.
“Reality Finance provide competitive lease rates enabling our customers to spread the cost of purchasing new equipment with our Easy Payment scheme. They are happy to talk directly with our customers and offer expert financial advice. In this difficult economic climate, we are looking to build on our relationship to make purchasing even easier for our customers.”
Mark Jackson-Nichols , Director, Loma Systems
Having Reality Finance as a partner has enabled our customers to invest in our tray sealing lines which is vital capital equipment that has enabled them to grow their businesses and improve efficiencies much quicker than if they had waited to generate the cash to pay for these assets.
We have always found the team at Reality Finance to be extremely responsive and supportive of us and our joint customers through the whole purchasing process, making it as smooth and swift as possible.
Sam Ashton , Commercial Director, Packaging Automation Ltd
How does our Finance work?
You will have one point of contact at Reality and we believe in building relationships - we won't make you fill in online forms to make your application.
1
Choose the asset or service your company needs
2
Speak to us and we will use our panel of lenders to find you the best monthly payment option
3
We take care of the paperwork and invoicing
4
Your product or service is delivered to you
5
You pay for your new asset as you use it
Why Reality Finance?
5 star service rating
Verified by Feefo
Over 30 lenders on our panel
so we can source you the best deal
Lender in our own right
Provides additional flexibility
Funding hard and soft assets
Anything you need for your business
24 years of trading
Established in 2000 and privately owned
What Do Our Customers Say?
Case Study
DoubleTree by Hilton
- Our customer is financing the cost of the Solar Solution over five years via a Hire Purchase finance agreement. This should allow for a first year Super deduction allowance allowing the business to utilise 130% of the cost of the system in their writing down allowances calculation.
- They will be able to run the factory using energy created by the new solar system from the first day of installation.
- The cost of the Hire Purchase repayments will be lower than the old monthly electricity bill - an immediate cash benefit.
- If the system creates more power than is used by the company then it can be fed into the Grid which it will receive payments for.
- The customer is also purchasing new electric vehicles, which can be charged at work and, which allow the company to offset a higher proportion of their cost against taxable income than their traditionally powered predecessors. In addition, the drivers also be entitled to a far lower benefit in kind charge for having the use of an electric powered Company vehicle.