Why choose the cheapest when you can choose the best?

Let’s say you need a van. Your heart is set on a shiny white VW, but you can’t afford it. So you’re thinking of settling for a second-hand Fiat instead. Cheap and cheerful (until it needs a service). 

With hire purchase through Satellite Finance, you don’t have to settle for anything. You could drive off in the brand spanking new VW simply by paying a deposit and all the VAT towards the total cost. Far more flexible, far more affordable, and far more what you want. 

You would then gradually reduce the balance by making fixed monthly payments for an agreed number of months. Once the final payment is made, that van is officially owned by you.

Hire purchase isn’t just suitable for vehicles. You could also use it for engineering, construction, or commercial machinery and equipment. 

Why is Satellite Finance right for you?

  • The interest rate is fixed throughout your agreement period, so even if the bank interest rates increase, yours doesn’t
  • We offer a flexible repayment structure to allow for seasonal business (for example, you could make just one payment a year)
  • In some circumstances, we can include maintenance of the asset within the terms of the agreements

And all the money you don’t have to spend upfront can be used to grow your business in other ways. 

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Benefits of hire purchase

You can spread the cost over a period of time, rather than having to put down a large capital sum upfront

It saves your cash resources from unnecessary depletion - and your cash flow from undesirable sabotage

Having clear sight of future expenditure allows for easier budgeting

There are corporation tax benefits because lease payments can be considered as expenses

You don’t have to pay VAT on monthly installments (which you would if leasing)

The value of your asset’s value is prevented from depreciating quickly

You can enter into a new contract at the end of your original fixed term