With hire purchase, ownership can be easier than you imagined. Once you have agreed the machine you require, you pay a deposit plus the whole VAT amount at the beginning. The balance, plus interest and fees, is then split into easy to manage payments – typically over 1-8 years. Following the final payment, you own the machine. And because you own the machine, the hire purchase option allows you to claim capital allowances.
Let Ripon Farm Services help you grow your business with hire purchase giving fixed scheduled payments, no surprises, and you owning your machine by end of the contract period.