This is the most typical and readily available credit facility.
Non Status Commercial Hire Purchase, in basic terms, you source the asset and negotiate the purchase price with the supplier. You pay a deposit to the finance company, typically 10-20%, and the finance company then takes title direct from the supplier.
Even though you are technically not the owner of the asset during the agreement, subject to eligibility you can still claim the writing down allowances as though you had made the purchase outright.
At inception you would usually be required to pay a documentation (or administration, arrangement) fee of £100-250 and the full purchase VAT. You will then, subject to eligibility, recover the VAT yourself. You repay the outstanding amount and interest in pre-agreed instalments over the period of the agreement.
At the end of your Non Status Commercial Hire Purchase agreement you obtain title through the payment of an 'Option to Purchase Fee'. This fee is often a token gesture to transfer title, but some finance companies do still charge a significant fee of £10-150. Non Status Commercial Hire Purchase agreements can be based on a fixed or variable rate, and the monthly commitment can be reduced by the inclusion of a balloon. Use our Online Non Status Commercial Hire Purchase Contact Form for more Non Status Commercial Hire Purchase details or call 0800 0735353.
Sterling Capital Reserve are specialists in all forms of Non Status Commercial Asset Finance from Non Status Commercial Asset Capital Finance to Non Status Commercial Computer Asset Finance. This service is also called Non Status Commercial Asset Funding or Non Status Commercial Asset Based Finance.
Asset Finance covers Non Status Commercial Contract Purchase like Non Status Commercial Vehicle Finance, Non Status Commercial Hire Purchase, Non Status Commercial lease purchase or Non Status Commercial Leasing and Non Status Commercial Leasing and Asset Finance.
Asset Finance services can also be used for Non Status Commercial Capital Raising.
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Use our Online Enquiry Form on the right hand side of this page or Contact Us on 0800 0735353 and let our professional team find you a competitive UK Commercial Asset Finance Deal.
