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Hire purchase comprehensive review
Hire Purchase
A traditional method of acquiring assets and still the most popular with most UK businesses. The asset is capitalised in the balance sheet with the client taking the risks and rewards of ownership. Enables the asset cost to be spread over a period of time, thus preserving working capital. Title in the asset rests with the lender until the loan is repaid
What is contract hire and how does it works
With a Contract Hire facility, the vehicle continues to be owned by the leasing company and is hired to you for a set period of time and at a fixed monthly payment.
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