Non Consumer Hire Purchase - Explained Short And Simply!
Updated: May 30
However, it is common to be offered the option of a balloon paymentwith a HP agreement. You can not take ownership of the asset without settling this residual payment.
A balloon payment is the term for deferring a set amount due on the contract. By offsetting a balloon amount, it has the benefit of reducing the monthly payments, which in some cases means equipment that wouldn’t have been in budget under a straight HP deal, now becomes an achievable option.
What Are The Benefits To Non Consumer Hire Purchase?
Own The Asset At The End
Low Initial Deposit
Non Cunsumer Hire purchase is ideal for individuals or non-VAT registered companies. All HP Figures are inclusive of VAT.
If You Are Interested In Hire Purchase You Can Apply For a Free Quote On Our Website.
Click Here → → https://www.loanguru.ie/application-information