Hire Purchase

Hire Purchase is the most popular method of finance, giving customers the option to purchase on completion of the agreement, IHF purchases the goods from the supplying dealer and then hires them to the customer for the duration of the agreement.

Customer Benefits

• Eventual ownership
• No need to increase bank borrowings
• Accurate cash flow forecast
• For business users, any capital allowance available may be claimed
• For business users, interest can usually be offset against taxable profits
• Simple documentation resulting in faster decisions