Rates from as low as 8.9%

Business Hire Purchase

Business Hire Purchase

We offer a comprehensive range of company car finance solutions, including Business Hire  Purchase (BHP), to help businesses manage their vehicle acquisition efficiently. With  financing options for single vehicles or entire fleets, we make sure that your company has  the best deal on any model. Our expert team is on hand to guide you through the process,  allowing your business to enjoy financial flexibility, ease of budgeting, and access to top quality vehicles.

Get a free, no-obligation quote today by filling out the form below or calling one of our  experts on 0161 96 3449.

business hire purchase

What is Business Hire Purchase?

Business Hire Purchase is a popular way for businesses to acquire vehicles, whether for  day-to-day operations or long-term investment. This financing method allows you to spread  the cost of a vehicle over an agreed term while giving your business the option to own the  vehicle at the end of the agreement.

Here’s how it works:

  1. Initial Deposit: Typically, a deposit of 10-30% of the vehicle’s value is required upfront, depending on the terms of the agreement. We can cater to 0 deposit vehicle dependant.
  2. Fixed Monthly Payments: You make regular monthly payments over a period that generally ranges from 2 to 5 years. These payments remain fixed for the entire term,  making budgeting easier for your business.
  3. Option to Purchase: At the end of the agreement, you have option to pay the ‘option  to purchase fee’ which is agreed at the start of the term (typically £10.00) and take ownership of the vehicle. This is a flexible arrangement that gives you control over  your asset at the end of the financing term.

Business hire purchase

Deal of the Week

This week’s ‘Deal of the Week’ is a brilliant offer on a top-of-the-line 2021 Mercedes-Benz EQA. With features such as blind spot, smartphone integration, reversing camera and heated seats included – this model has all the modern features. See the pricing details below, or speak to a member of our team on 0161 96 3449 for more information.

 

Deposit: £0

Monthly Payment: £348

 

 

 

What Are the Benefits of Business Hire Purchase?

  1. Improved Cash Flow: BHP allows you to preserve working capital by spreading the cost of the vehicle over  time. Fixed monthly payments make it easier to budget, avoiding a large upfront  outlay and improving cash flow, which is crucial for businesses to manage their  operations.
  2. Ownership: Unlike other forms of vehicle financing, like PCP car finance, Business Hire Purchase  leads to ownership of the vehicle at the end of the term. Once the final payment is  made, the vehicle belongs to your business, providing a long-term investment in your  company’s fleet.
  3. Flexibility: With BHP, you have the freedom to select newer, higher-spec vehicles, like the Mercedes E-class finance. Repayment terms are flexible, with the possibility of early  repayment options, giving you more control over your finances.
  4. Tax Advantages: Business Hire Purchase can offer significant tax benefits. You may be eligible for  Corporation Tax relief through Capital Allowances, allowing your business to deduct  the cost of the vehicle over its useful life. Additionally, interest paid on monthly  repayments can be claimed, and VAT on the vehicle may be reclaimable, subject to  normal VAT rules. 
  5. Accessibility: BHP is often easier to obtain than traditional loans, making it an attractive option for  businesses with less-than-perfect credit. It provides a straightforward path to  acquiring the vehicles your business needs without the stringent requirements that  might come with other financing methods. 
  6. Asset on the Balance Sheet: The vehicle financed through BHP is recorded as an asset on your company’s  balance sheet, allowing for depreciation over time. This can potentially reduce  taxable profits, providing further financial advantages.

Business Hire Purchase: A Smart Choice for Your Company

Choosing Hire Purchase as your business car finance is an excellent solution for companies  looking to acquire vehicles while maintaining financial flexibility and enjoying potential tax  advantages. Whether you’re expanding your fleet of Audi A5 finance or upgrading your  business’s vehicles, BHP helps you make the right choice for your company’s future.

We make it simple for you to finance any vehicle model through our Business Hire Purchase  options, tailored to your specific needs. Let our team of experts help you get the vehicle that  suits your business and budget.

Contact us today for your free, no-obligation quote or call us on 0161 96 3449 for more  information. We’re here to help your business grow with the right vehicle financing solution.

Get started today! Fill out the form below for your free quote.

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Streamline Car Finance 114 Northenden Rd, Sale M33 3HD

Couldn't be happier with the business rates!

I recently went directly to Audi as I wanted to buy the new Q8 Etron via my business for the inherent tax advantages that it comes with. My friend recommended I speak to Streamline. Later that week I was driving the same car and was saving £143pm!! I couldn't have asked for better service and I would highly recommend them to anyone. I've sent all my pals their way already!
To get a quote apply here, for any questions or further information please call 0161 968 3449
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