A contract for a period of time where payments are made in return for the use of equipment. With the option of deducting 100% of the lease payment as a business expense*.  The term of the lease can be matched to the useful life of the equipment, typically two to five year hire periods are available.

Hire purchase is a traditional form of asset finance and a product which provides the client with the immediate use of the equipment or vehicle, whilst also permitting the option to purchase the product at the end of the period of hire for a pre-agreed sum. All other benefits and risks of economic ownership rest with the client.