Hire or Rental agreements are a form of finance that is often used for technology finance. This is effectively a long term hire of the assets that you require, once the contract is finished you can return the items.
Our flexible approach to hire agreements means that we can offer payments plans to suit your business requirements, whether that is monthly, quarterly or even yearly repayments.
Hire agreements are beneficial for businesses looking for an asset lease off the balance sheet. Although VAT is charged, the payments are fully tax deductible.
Some of the benefits of using Hire Agreement are:
- Flexible Repayments – We can tailor the contract to suit your business.
- No upfront investment – Keeps your balance sheet healthy and allows
you to use your investment in other areas of the business.
- Our fast and simple approach – Means that we can get a decision for you when
you need it the most.