At Honey Asset Finance, we understand the importance of owning key assets for your business without the strain of a large upfront cost. With our Hire Purchase solutions, you can acquire the equipment, vehicles, or machinery you need and spread the cost over a timeframe that suits you, while ultimately owning the asset outright.
Hire Purchase is a simple, structured way of financing asset purchases. You pay for the asset in manageable instalments over a set period. Once the agreement is complete, the asset becomes yours with no additional ownership fees. It’s an excellent way to grow your business, invest in essential resources, and manage cash flow without taking on huge financial burdens upfront.
With Honey Asset Finance, we give you the flexibility to create a payment structure that works for your business. Here’s how:
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Choose fixed or variable payments based on your business cycles. Whether you prefer a steady payment every month or seasonal payments to align with your cash flow, we can design the perfect plan for you.
From the deposit amount to the length of your payment period, we work with you to ensure the terms are suitable for your business goals.
After completing the payment schedule, the asset is yours, allowing you to fully benefit from its value over the long term.
We pride ourselves on offering flexible, tailored finance solutions that give you control and peace of mind. When you partner with Honey Asset Finance, you can expect:
Applying for a business loan with Honey Asset Finance is straightforward and designed to be hassle-free. Here’s how it works:
1. Choose Your Asset
Whether you need vehicles, equipment, or technology, select the asset that will move your business forward.
2. Discuss Your Payment Plan
Our team will work with you to create a payment schedule that fits your financial situation, whether you prefer fixed monthly payments or variable seasonal payments.
3. Ownership Transfer
Once the agreed-upon payments are complete, the asset is yours—completely and outright.
The primary distinction between Hire Purchase and leasing lies in ownership and payment structure:
In essence, Hire Purchase is suited for those aiming for ownership, while leasing is ideal if you prefer using the asset without long-term commitment.
Upon completing all scheduled payments in a Hire Purchase agreement, ownership of the asset transfers to you. There are no additional fees or final lump sums required, provided all terms of the agreement have been met. You'll then have full ownership and can choose to keep, sell, or otherwise dispose of the asset as you see fit.
For more detailed information or personalised advice, please contact our team at Honey Asset Finance.
We make asset financing simple and hassle-free. With our fully flexible Hire Purchase agreements, you can confidently invest in your business knowing that the payment structure is tailored to you. Contact our team today to discuss how we can help you secure the assets you need with ease and flexibility.
