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Types of Asset Finance
Hire Purchase
A Hire Purchase facility is an agreement where your financier owns the equipment during the hiring period. When you make your final payment, ownership is automatically transferred to you.
Benefits:
- You can choose to finance 100% of the asset purchase price, or include an initial deposit thereby reducing the interest paid
- Optional balloon payment available at the end of the term to reduce your repayments
- You can purchase the equipment at any time during the term of the agreement
- A Hire Purchase may be right for you if you want to own the equipment at the end of the term and use it predominantly for business purpose.
Make an appointment to see an Iden Money Loan Consultant.
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