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Standard vehicle hire purchase is commonly used by UK SMEs to fund vehicles needed for delivery and field work, replace aging vehicles, or acquire specialist vehicles for specific contracts. Typical amounts can be around £25,000 to £500,000+, with terms often set between 12 and 60 months. Pricing is usually disclosed as an interest rate or APR, with indicative ranges often in the mid-to-high single digits to low teens, depending on deposit, term, asset value, and affordability. Initial feedback is often within a few days, with full documentation commonly taking 1 to 3 weeks for complete cases.

Plant and machinery hire purchase is used to fund manufacturing machinery, production line upgrades, construction plant for a contract, or critical equipment that prevents downtime. Typical amounts are often £50,000 to £1,000,000, with longer terms usually 24 to 84 months depending on equipment life and value. Indicative pricing can sit from mid-to-high single digits up to the low teens for many SME cases, influenced by deposit, expected depreciation, and risk profile. Decision time can be within several days for an initial view, while full completion can take around 2 to 4 weeks after final checks and supplier paperwork.

Commercial equipment hire purchase commonly covers items such as IT equipment (where eligible), office equipment, POS systems, and certain catering and retail equipment. Typical amounts are often £10,000 to £500,000, with terms frequently 12 to 60 months. Pricing is commonly disclosed within a broad single-digit to low-teens per annum range, depending on term, deposit, equipment category, and risk. Many businesses receive an initial response within a few business days, with completion often 1 to 3 weeks depending on how quickly documents are provided and supplier timing. Ownership transfers at the end of the agreement after the final instalment.