IT Hire Purchase

picture picture picture picture picture picture
IT Hire Purchase - spread the cost of your IT over its useful working life and pay for it using the revenue it earns!
IT Hire Purchase
Hire Purchase is a straightforward repayment facility that enables you to ultimately own the IT equipment. The cost of the computer system can be spread over its useful working life and paid for out of the revenue it earns. Payment patterns can be tailored to suit individual needs, generally involving a deposit followed by a series of periodic instalments.
picture picture picture picture picture picture
Key features and benefits:
  • With ownership you have total control over the IT equipment
  • Ownership normally carries the potential for claiming capital allowances, including any enhanced first-year allowances
  • VAT on the cost of the IT equipment is reclaimable
  • Fixed or variable interest rate - you make your own assessment and choose accordingly
  • The interest element of repayments can normally be offset against taxable profit
  • The asset appears on your balance sheet
 IT Hire Purchase
picture picture picture picture picture picture