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Hire Purchase & Conditional Sale

Business Equipment Finance, Hire Purchase & Conditional Sale Services in Hull, East Yorkshire, and Lincolnshire

At ECS Group, we specialise in securing business equipment financing solutions for companies, start-ups, and SMEs across Lincolnshire and East Yorkshire. Our tailored and holistic approach to meeting our client’s financial needs for 25 years means we are your go-to equipment lease and hire purchase specialists in Hull and East Yorkshire. Whether you’re looking to purchase IT equipment, machinery, or secure car and commercial vehicle financing, don’t hesitate to contact the teams in Hull or Lincoln to discuss your particular requirements.

Is Hire Purchase Right for Your Business?

The most common finance contract, generically called Hire Purchase or asset finance, allows for a business to purchase essential operating assets now and spread the cost of the purchase over the useful life of the asset. Generally, funding is available for items that have a quantifiable residual value at the end of the term of the finance agreement. Asset finance is most commonly used to acquire plant and machinery, computer and digital office equipment, cars, commercial vehicles and trailers. Hire Purchase (sometimes referred to as conditional sale) is classed as a purchase whereas a finance lease is a form of rental and each product is treated differently from an accounting point of view. The VAT on the purchase price is paid at the outset of the agreement.

  • Financing for up to 100% of purchase price
  • VAT payment deferred to match cash flow of VAT reclaim
  • Payment structure agreed at outset can be designed to match cash flow if required
  • Final lump (or balloon) payment can help reduce regular payments where beneficial
  • Equipment can be purchased for nominal fee at end of term (option to purchase fee)

Contact Us Today

From start-ups in East Yorkshire to SMEs in Lincolnshire, we work with clients from a wide range of industries across the UK. With over 40 years of experience, unmatched expertise, and unparalleled dedication to our client’s success, discover why ECS Group is one of the leading business equipment lease and hire purchase specialists in East Yorkshire and Lincolnshire. From car financing to plant and equipment lease or hire purchases, we are on hand to help you navigate the world of business equipment finance. Got any questions? Don’t hesitate to reach out to the team in Hull or Lincoln today – we are here to help.

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