Advantages of Business IT Hire Purchase
If you want to eventually own your IT equipment, a hire purchase agreement lets you pay for it gradually. Over an agreed period of time, giving financial security and predictability, along with a host of other benefits.
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Enhanced cash flow management
With low upfront costs and spreading the cost over a fixed period, a hire purchase agreement preserves much more of your working capital and maintains a healthy cash flow. Allowing you to allocate funds to other business needs or investments.
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Better budgeting
With a hire purchase agreement, you anticipate and allocate a fixed amount each month for IT equipment payments, making it easier to forecast expenses.
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Immediate access to technology
You quickly acquire the technology you need without waiting to accumulate sufficient funds for an outright purchase.
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Tax benefits
The interest element included within payments can be registered as a business expense and is therefore tax allowable, while the cost of the equipment can be tax allowable through Annual Investment Allowances or Writing Down Allowances.
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Financing flexibility
Agreements are very flexible, with a wide range of options for the deposit amount, repayment amount and repayment frequency.
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Asset ownership at the end
Hire purchase agreements typically allow the business to take ownership of the IT equipment once all payments are made. This provides a long-term asset that can be used or sold to recoup some of the initial investment.
Advantages of Computer & IT Equipment Leasing
There are several distinct reasons why, as a business, you might choose to lease your IT equipment rather than buy it outright.
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Conservation of Capital
Leasing allows you to acquire IT equipment without dipping into your capital upfront. Instead, you make fixed regular payments over the lease term. This is particularly helpful if your cash reserves are limited.
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Off-balance-sheet
The asset is not recorded as a capital purchase on the balance sheet. Instead, it is recognised as a lease, and the leasing payments are considered as operating expenses.
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Accurate budgeting
Leasing gives you predictable and fixed costs, making it easier to budget and plan your expenses. The initial cost is also very low since all payments are spread across the whole repayment period.
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Technology when you need it
Your lease term can be structured to align with the expected lifecycle of the IT equipment. This allows you to upgrade or replace the equipment at the end of the lease term rather than having to purchase new equipment each time.
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No ownership risk.
Unlike a hire purchase, the lessor retains ownership of the leased assets, and your business avoids the risks associated with asset depreciation, obsolescence, or resale value fluctuations.
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Tax benefits
Asset repayments count as a business expense, and are therefore tax allowable.
Weighing up your Business IT Finance Leasing, Hire Purchase and Direct Purchase Options
As with all finance decisions, it’s important that you carefully consider your business’s financial situation and conditions before making any commitments.
Ultimately, the choice between outright purchase, hire purchase and finance leasing depends on the specific requirements, financial situation, and preferences of the business. It is important to consider factors such as ownership goals, cash flow management, tax implications, and the expected lifecycle of the asset when deciding which financing option is most suitable.
Consulting with expert financial advisors will help you make an informed decision. That’s where Agile Technical Solutions can help as an FCA Appointed Representative (FN: 996855)* of West End Leasing Ltd in Ipswich.
Our dedicated hire purchase and leasing specialist, Steve Stopher, will help you decide on the best option for your business.
Meet our FCA approved business IT financing specialist, Steve
Advantages of Business IT Hire Purchase Finance
As a broker with over 20 years’ experience in the finance and purchase of capital equipment, Steve Stopher is well-versed at arranging leasing and hire purchase packages for businesses. He has excellent relationships with a wide range of lenders and will work closely with you to quickly find the most competitive and favourable finance arrangement for your business. Where he truly excels, though, is in his handling of the entire process, from start to finish. His communication and commitment really are second-to-none and why so many of our clients place their trust in him.

Benefit from Competitive
Business IT Bundles
Advantages of Business IT Hire Purchase Finance
Whether you’re looking to hire purchase or lease IT equipment, we have regular IT bundles on offer, at highly competitive rates. These include ‘working from home bundles’, ‘new employee starter bundles’ and more.
Our offers change all the time, and are very much led by client demand, and so if you’d like to sign-up for our IT promotions emailer, please email our Sales and Marketing Manager, Dolly Davis on sales@agile-ts.net
Frequently Asked IT/Computer Leasing Questions
Explore your IT finance leasing & hire purchase options
As an FCA Appointed Representative (FN: 996855)* and a highly-experienced IT Company, we’ll help you decide what equipment you need and explore the best options for purchasing or leasing that equipment.
There’s never any pressure from us either – just straightforward, trusted advice and carefully considered finance options.
Ready to get started?
Simply complete our three-step form below. We only need a little information at this stage so that we can have a good idea of how we can help you. Please note, this is not an application for finance, and you can opt-out of receiving information from us at any time by emailing info@agile-ts.net
*ATSol Ltd T/A Agile Technical Solutions (FN: 996855) is an appointed representative of West End Leasing Ltd (FRN: 674006) which is authorised and regulated by the Financial Conduct Authority (FCA).