^200k Hire Purchase Finance – Apply for Fast Approval

With vehicle hire purchase, you agree a structure to pay for a defined vehicle, usually with a deposit depending on the deal and lender. Lenders assess the asset and its expected residual value, alongside your repayment capacity using business financials and bank statements. Interest is often presented as contract interest rate, with many SME cases sitting roughly between 6.9% and 15.9% APR-equivalent depending on profile and deposit. Decisions are often 1 to 5 working days after vehicle and document information is supplied.

Equipment hire purchase commonly covers purchases from around £10,000 to £250,000 for SMEs, with £200,000 within typical upper bands for specialist equipment. Repayment terms are often 24 to 72 months depending on how quickly the equipment depreciates. A realistic pricing context for many SME cases is around 7.5% to 16.5% APR-equivalent, influenced by asset residual value and your deposit level. Once you provide equipment quotes and financial documents, decisions are often 2 to 7 working days.

Commercial property plant and refurbishment hire purchase can range from roughly £25,000 to £500,000 depending on the plant and refurbishment elements that qualify. Terms are commonly 36 to 84 months depending on the useful life of the financed components. Pricing often depends on whether the items are removable or maintain value in use, with many specialist cases broadly around 6.9% to 14.9% APR-equivalent. Because this involves project review and documentation, decisions can take about 1 to 3 weeks depending on scope and evidence requirements.