Hire Purchase forms the competitive advantage, which gives the answer to your business to move with the speed of light in the economic environment you are in. It gives your business the advantage to upgrade its equipment without the need to raise all necessary capital, something you would need under different situations. All the equipment is shown in the Balance Sheet of your Business as a Fixed Asset and the business gets full ownership at the end of the hire purchase period. The income tax allowances are exactly the same as if the equipment has been paid in cash. This way you preserve the capital for use in a different way.

Hire Purchase is a financial agreement between the customer and Laiki Asset Finance to hire an asset for a specific period of time for a specific rental. At the end of the period, and provided all rentals have been paid, the customer has the option to purchase the asset, paying a nominal amount which today is set at £10.00

The duration of the hire purchase contract varies from 12 to 60 months depending on the customer’s requirements, the asset to be financed, and the amount of the hire purchase.

Hire Purchase benefits for the customer include:

• Professional service.
• Only personal guarantees required.
• Other sources of credit remain available.
• Inflation advantage.
• Tax benefits.
• Controlled cash outflows - better planning.
• Immediate use of the asset with only a small initial outpay.
• Ownership of the asset at the end of rental period.
• Avoidance of capital investment, therefore increased liquidity.

• Liquitidy increase.
• Increase of sales.
• Minimised provision for bad debts.