Hire Purchase

Finance your business vehicles with fixed monthly payments and full ownership at term-end

What Is Vehicle Hire Purchase?

Vehicle hire purchase is a straightforward way for businesses to finance the purchase of cars, vans, or commercial vehicles over time — without the need to pay the full cost upfront. With fixed monthly repayments, you gain immediate use of the vehicle, and ownership transfers to you once the final payment is made.

Whether you’re acquiring a single executive car or building a fleet of vans, hire purchase gives you financial control, ownership certainty, and potential tax benefits — all while protecting your working capital.

At The Funding Group, we help businesses of all sizes secure competitive hire purchase agreements for new or used vehicles across the UK.

Types of Vehicle Hire Purchase We Offer

We work with specialist lenders to provide flexible finance solutions for a wide range of business vehicle needs:

Car Hire Purchase

  • Ideal for company directors, field teams, or executive fleets

  • Acquire new or used vehicles with clear ownership structure

  • Suitable for limited companies or personal use through the business

Van Hire Purchase

  • Perfect for tradespeople, delivery firms, or service-based businesses

  • Spread the cost of vans or LCVs over 1 to 5 years

  • No mileage restrictions or wear-and-tear charges

Commercial Vehicle HP

  • Finance trucks, pickups, refrigerated vans, or specialist commercial vehicles

  • Maintain cash flow while scaling your fleet

  • Tax-efficient ownership structure

Electric Vehicle HP

  • Fund the transition to electric with no upfront strain

  • Benefit from tax relief, lower running costs, and ULEZ compliance

  • Future-proof your fleet with full ownership

Typical Terms & Key Features

  • Loan Size: £5,000 to £1 million+

  • Term Length: 12 to 60 months

  • Deposit: Typically 10–20% (some options from 0%)

  • Ownership: You own the vehicle outright at the end

  • Interest: Fixed monthly repayments

  • Eligible Vehicles: New or used cars, vans, electric vehicles, and commercial vehicles

  • No mileage or return condition restrictions

We work with both high-street and specialist lenders to secure the best terms for your business — even if you’re a startup or have limited credit history.

Who Can Use Vehicle Hire Purchase?

Vehicle hire purchase is suitable for a wide range of business types, including:

  • Limited companies and LLPs

  • Sole traders and partnerships

  • Company directors buying vehicles through the business

  • Tradespeople and self-employed contractors

  • Delivery and logistics operators

  • Startups with strong business plans

Whether you need a single business car or multiple vans, we can help structure a solution that works for your cash flow and growth plans.

Benefits of Vehicle Hire Purchase

  • Spread the cost with manageable fixed repayments

  • Own the vehicle outright after the final payment

  • No mileage limits or damage charges (unlike leasing)

  • Tax-efficient — interest and capital allowances may apply

  • Improve budgeting with predictable monthly costs

  • Access better vehicles without tying up capital

  • Keep working capital available for operational needs

Hire purchase allows your business to invest in the right vehicles now — while preserving financial flexibility for the future.

Ready to Finance a Business Vehicle?

Whether you're upgrading your company car, expanding your van fleet, or financing an EV for your business, The Funding Group can help you secure fast, flexible vehicle hire purchase solutions.

Get in touch today for a free, no-obligation quote tailored to your needs.