Fundur – Serving motivated UK businesses ready for growth

Hire Purchase

Hire Purchase2023-09-18T10:41:05+01:00
READY TO BOOST CASHFLOW?

Business Hire Purchase Solutions

We understand that businesses often require essential equipment and assets to thrive. However, the upfront costs of purchasing these assets can be a significant barrier to growth. That’s where Fundur’s Hire Purchase solutions come into play, offering you a flexible and accessible path to acquire the equipment you need.

Our process is quick & simple

How does business finance work?

1. Submit your business finance enquiry in 60s.

1. Submit your business
finance enquiry in 60s.

Using our very easy-to-use business finance application form, you simply complete the required information.

Using our very easy-to-use business finance application form, you simply complete the required information.

2. A chat about your business and goals.

2. A chat about your business and goals.

A Fundur Finance Expert will give you a call to discuss your application to assist you with your application.

A Fundur Finance Expert will give you a call to discuss your application to assist you with your application.

3. Our Finance experts Work Our Magic.

3. Our Finance experts Work Our Magic.

We then work with our board of partners and lenders to get your the possible rate available.

We then work with our board of partners and lenders to get your the possible rate available.

4. Your no-fuss finance is funded.

4. Your no-fuss finance is funded.

Once you’ve approved the rate you’re happy with, your funding is released to your bank account. Time to scale.

Once you’ve approved the rate you’re happy with, your funding is released to your bank account. Time to scale.

The Fundur Advantage

  • Flexible Terms
  • Preserve Cash Flow
  • Ownership at the End
  • Tax Benefits
  • Fast & Convenient
  • Dedicated Team

Hire Purchase FAQs

Can I prepay my automotive loan without penalties?2023-08-29T16:25:47+01:00

We offer the flexibility to prepay your automotive loan without any prepayment penalties. If you come into extra funds or want to pay off your loan ahead of schedule, you can do so without incurring additional charges. This allows you to save on interest and become debt-free sooner.

What are the eligibility requirements for automotive financing through Fundur?2023-08-29T16:25:08+01:00

To be eligible for automotive financing with Fundur, you typically need to meet certain criteria, including a good credit history, stable income, and a valid driver’s license. The specific requirements may vary based on the type of financing and your individual circumstances. We recommend contacting our financial advisors for a personalised assessment of your eligibility.

What types of vehicles can I finance?2023-08-29T16:24:35+01:00

We provide financing options for a wide range of vehicles, including cars, trucks, vans, and even specialised vehicles such as commercial trucks and construction equipment. Whether you’re looking for a new family car or need to expand your business fleet, Fundur has you covered with our automotive finance solutions.

What are some attractive features of automotive finance?2023-08-29T15:59:40+01:00

Attractive features include:

  • low-interest rates, interest-free in some cases;
  • deposit contributions;
  • Flexibility – longer terms, or the deferral of part of the vehicle’s cost to the agreement’s end.

If you would like more information on Automotive Finance, get in touch with us here.

Is Hire Purchase Right For Your Business?

Hire Purchase

Hire Purchase is an ideal financing solution for businesses of all sizes looking to acquire assets such as machinery, vehicles, technology, and more. It’s particularly beneficial if:

  • You need essential equipment to operate or expand your business.
  • You prefer a fixed, predictable repayment structure.
  • You want to build equity in the equipment over time.
  • You value the flexibility to customize your Hire Purchase agreement to suit your specific needs.

We’re committed to helping businesses thrive by providing access to the resources they require. Our Hire Purchase solutions are designed to empower you to make strategic investments in your business without compromising your financial stability.

Get funding from £10,000 to £20M

Receive your decision in 30 seconds.

Our new to market technology aligns your business’s pros, cons and key performance indicators within our seamless decision process allowing access to the most cost effective and efficient funding available across the UK lending panel.

  Check eligibility with 300+ lenders

Dedicated account manager

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The Benefits

How Asset Finance Can Help You

Preservation of Cash Flow

Instead of making a large upfront payment to purchase an asset outright, asset finance allows businesses to acquire the necessary equipment or assets while preserving their cash flow. It enables them to spread the cost over time through regular payments, making it easier to manage their working capital and allocate funds to other critical areas of the business.

Access To Equipment

Asset finance allows for the latest equipment & technologies without significant upfront costs. This is particularly beneficial in industries where equipment becomes quickly outdated or requires regular upgrades. By leasing or financing assets, businesses can stay competitive and maintain operational efficiency by using modern, high-quality equipment.

Flexibility & Customisation

Asset finance offers flexibility in terms of repayment structures and contract terms. Lenders often provide tailored solutions to match the specific needs and cash flow patterns of businesses. This allows borrowers to choose repayment schedules, such as monthly, quarterly, or seasonal payments, that align with their revenue generation cycles and business requirements.

Preservation of Credit Lines

Opting for asset finance helps businesses preserve their existing credit lines, such as bank loans or lines of credit, for other purposes. By not tying up their credit capacity in purchasing assets, businesses can maintain financial flexibility and have access to credit when needed for operational expenses, expansion, or unforeseen circumstances.

Tax Benefits

Depending on the jurisdiction and specific regulations, advantages can be provided. Lease payments are often treated as operating expenses, which may be tax-deductible, reducing the overall tax liability for the business. It’s important to consult with professionals or accountants to understand the specific tax implications and benefits applicable to your situation.

Risk Mitigation

In some cases, asset finance arrangements can include maintenance and servicing contracts, providing businesses with additional peace of mind. This can help mitigate the risks associated with asset ownership, as the responsibility for repairs, maintenance, and equipment obsolescence may be transferred to the lessor or financing company.

Overall, asset finance offers businesses and individuals the ability to acquire and utilize necessary assets while managing their cash flow effectively, accessing up-to-date equipment, and maintaining financial flexibility. It’s crucial to carefully evaluate the terms, costs, and conditions of asset finance options to ensure they align with the specific needs and financial objectives of the borrower.

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