Hire Purchase

Before purchasing new equipment for your business, whether it is a new computer system, upgrade of an existing computer system, new software, a photocopier, telephone system, new office furniture or anything else, you need to consider carefully of the options available to pay for it.

It is crucial that you acquire the correct equipment for your business. No business owner would commit to buying equipment without first spending time to research all the options and benefits available. More often than not, many people in business pay for their equipment without the same consideration.

At Hitachi Capital (HC), we specialize in asset financing prospects, which provide unique corporate solutions to customers in the acquisitions of office, IT & industrial equipment and machinery.

Our Hire Purchase is a financing arrangement to finance the use of equipment for the major part of its useful life. With a hire purchase agreement, our business customer becomes the owner of the equipment after all the payments made. This ownership is transferred either automatically or on payment of an option to purchase fee.

For tax purposes, our business customer is regarded as the owner of the equipment from the beginning of the agreement to enable claim of capital allowances. Capital allowances can be a significant tax incentive for businesses to invest in new plant and machinery or the upgrade of information systems.

Under our hire purchase agreement, the business customer is normally responsible for maintenance of the equipment.

For your payment plan computation, please use our online calculator.