^350k Hire Purchase Finance – Apply for Quick Approval

Asset hire purchase is designed for businesses that know exactly what they want to buy. You share the asset details, whether it is new or used, plus supplier information, so the lender can verify the deal. Typical amounts commonly range from £25,000 up to around £500,000, making £350,000 a common target band for larger equipment transactions. Terms often sit around 24 to 60 months, and pricing is commonly structured as fixed or variable APR. Depending on lender appetite, initial decisions for straightforward cases can be within 1 to 5 working days.

Vehicle hire purchase helps businesses keep capacity moving by funding vans, HGVs, or other commercial vehicles through instalments. You must be the registered keeper or operating entity, and the vehicle needs to be identified before underwriting, using details such as registration for used stock or exact build specification for new vehicles. Typical hire purchase amounts are often from £10,000 up to £400,000+, with £350,000 feasible for larger vehicle packages. Terms are commonly 24 to 60 months, often 36 to 48 months, depending on age and residual value. For used vehicles, initial decisions may be 1 to 5 working days where documentation is ready.

HP for specialist plant is often used for higher-value, long-life equipment such as industrial processing machinery or major workshop upgrades. Because lenders focus on what the asset will be worth over time, you will typically need to provide detailed asset information, supplier documentation, and the expected purchase price. Typical amounts can range from £50,000 to £1,000,000+ for qualifying assets, with £350,000 in the mid-to-upper range for many SME deals. Terms may often be 36 to 84 months. Initial decisions can take 3 to 10 working days as part of extra checks, and completion may be 2 to 6 weeks depending on verification needs.