Business Hire Purchase
Flexible hire purchase finance for UK businesses
Spread the cost and own the asset at the end of the agreement
Fixed monthly payments with clear terms
Hire purchase for vehicles and equipment
Fast quotes and quick approvals Business hire purchase terms
Hire Purchase for Business Equipment
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 flexible hire purchase finance agreements for companies across the UK, helping them fund vehicles, machinery, IT and other business-critical assets without large upfront payments.
From vehicle finance to equipment hire purchase, agreements can often be structured around your deposit, monthly budget and preferred term.
What Is Hire Purchase?
Hire purchase 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 of the equipment transfers to the business. Many companies choose hire purchase because it offers predictable monthly payments and a clear route to ownership.
Whether you need vehicle funding or equipment hire purchase, this type of finance can help your business secure essential assets without tying up valuable working capital. Rather than paying the full cost upfront, you can spread payments over time while keeping cash available for day-to-day operations and growth.
Benefits of Business Hire Purchase
Using hire purchase finance can offer several advantages for businesses.
- Full ownership when you finish payments
Your business has full use of the asset throughout the agreement, and once the final payment has been made, ownership transfers to you.
- Spread the cost to support cash flow
Instead of paying a large lump sum upfront, you can spread the cost over a period that suits your business. This helps preserve working capital so your business can continue funding stock, staffing, operations and growth.
- Fixed, predictable monthly payments for easier budgeting
Hire Purchase agreements typically have fixed interest rates and fixed monthly payments, making financial planning and cashflow forecasting easier and more reliable.
- Use the equipment straight away
Once the hire purchase agreement is in place, your business can start using the asset immediately. . This can be especially useful when your business needs vehicles, machinery, IT equipment or other business critical assets without delay.
- Suitable for long-term assets and investment
Hire Purchase works especially well when you plan to use an asset for many years. It allows you to spread the cost over time while working towards ownership to continue to deliver value for your company
How Business 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
Examples of Assets that can be funded through Business Hire Purchase
Finance for Supporting Services
At Reality Finance, we go beyond funding physical equipment. 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 supporting 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 Business Hire Purchase Quote
If you’re planning to buy equipment or vehicles for your company, we can provide hire purchase finance quotations so you can see how hire purchase could work for your business. Simply send us one of the following:
a quote
an invoice
or a rough cost
“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.