Business Hire Purchase
Business Hire Purchase
Get company vehicles without tying up cash. With Business Hire Purchase (HP) from Click Away Finance, you spread the cost over a fixed term with fixed monthly payments, taking ownership of the vehicle once your final payment is made. Ideal for sole traders, limited companies, and growing fleets. Call 07836 275158 or get a free, no-obligation quote below.
What is Business Hire Purchase?
Business Hire Purchase lets your company use a vehicle now and pay for it over time. You make fixed monthly payments for an agreed term, then pay a small option-to-purchase fee at the end to take full ownership. The vehicle sits on your balance sheet as a company asset — your accountant can advise on capital allowances and tax treatment for your specific situation.
Here’s how it works:
Generally 10–30% of the vehicle's price, depending on the lender and your circumstances. A £0 deposit option may be available in some cases, this isn't guaranteed for every application.
Option to Purchase:
At the end of the term, pay a small pre-agreed fee to transfer ownership of the vehicle to your business.
Fixed Monthly Payments:
Choose a term, typically 24–60 months. Your payments stay the same for the entire term, making budgeting straightforward.
WHY CHOOSE US
Flexible Options
From Hire Purchase (HP) to Personal Contract Purchase (PCP), we’ll guide you through tailored finance solutions that fit your needs.
Credit Friendly
We believe everyone deserves to own a car. Even with past credit issues, our trusted lenders are here to support your application.
Quick Apply
Apply online in just a few minutes. Most customers receive a fast decision within hours, so you can shop for your car right away.
Low Rates
We work hard to secure low APRs and affordable monthly plans, making sure your payments stay comfortable for your budget.
Is HP Right for Your Business?
When HP suits a business
HP tends to suit businesses that want to own the vehicle outright at the end with no large final payment, want the vehicle to sit on the balance sheet as a company asset, or plan to keep the vehicle long-term rather than change it every few years.
When PCP or Lease may suit better
If you’d prefer lower monthly payments with a final payment decision deferred to the end of the term, Business PCP may suit you better. If you don’t want ownership at all and prefer to keep vehicles off the balance sheet, Business Contract Hire may suit. See our Business Car Finance page for a comparison of all three options.
How the application process works ?
- Tell us about your business and the vehicle(s) you need
- We match your enquiry against lenders on our panel and outline the options, including representative costs where applicable
- You choose whether to proceed we’ll explain the pros, cons, and what happens next before you commit
- Once you’re happy, we help arrange the paperwork through to vehicle handover
Eligibility
We can generally consider applications from:
- Limited companies (Ltd)
- Limited Liability
- Partnerships (LLPs)
- Partnerships
- Sole traders
New businesses are considered on a case-by-case basis. All finance is subject to status, and individual lender criteria will apply.
Important information
We are a credit broker, not a lender
Click Away Finance Ltd is a credit broker, not a lender. FCA number: 1041179. We’re authorised and regulated by the Financial Conduct Authority, registration number. You can check this on the Financial Services Register at register.fca.org.uk.
We may receive a commission from the lender we introduce you to.
Frequently Asked Questions
Usually yes — typically 10–30% of the vehicle’s price, though this depends on the lender and your circumstances. A no-deposit option may be available in some cases.
No, the lender retains ownership until you’ve made all your payments and paid the option-to-purchase fee at the end of the term. Once settled, ownership transfers to your business.
Yes, we can help with single vehicles or small fleets. Get in touch and we’ll outline what’s available based on your requirements.
Get in touch and we’ll talk through your options, which may include early settlement. Your agreement will set out the specific terms that apply.
Yes, Business HP is arranged in the company’s name rather than personally, and the vehicle sits on the company’s balance sheet. Tax treatment differs too, so we’d recommend checking the specifics with your accountant.