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Hire purchase
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Cash flow challenge: I want to buy equipment or vehicles without tying up cash.
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Perfect for: Businesses purchasing assets they want to own - from vehicles and machinery to IT equipment.
Hire purchase lets you buy the asset you need now and spread the cost over time. It’s ideal when ownership matters and helps protect working capital by avoiding big upfront payments.
Novuna helps you compare hire purchase providers and apply with confidence.
Related asset finance options
Pages in this SectionWhat is hire purchase?
Hire purchase is a finance agreement that lets your business spread the cost of an asset over monthly repayments.
You’ll typically pay a deposit, followed by fixed monthly instalments and own the asset outright once the final payment is made.
It’s a simple, structured way to acquire essential equipment or vehicles while keeping cash flow in check.
How it works with Novuna Business Cash flow
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Tell us what you need to fund
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We compare hire purchase and asset finance providers
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You apply with expert support
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Start using the asset while making affordable monthly payments
Fast decisions. Flexible options. Funding over £2bn to more than 1,000 SMEs every year.
Is hire purchase right for you?
You want to own the asset at the end of the agreement
Hire purchase lets you spread the cost while working toward full ownership.
You need predictable monthly payments for budgeting
Fixed instalments make it easier to plan and manage cash flow with no surprises.
You want to preserve cash for other business needs
It allows you to acquire valuable assets without tying up capital upfront.
If that sounds like your situation, we’ll help you compare lenders and get funded fast.
Novuna can support a range of business vehicle funding needs
I want to finance machinery or equipment
I want to spread the cost of commercial vehicles
I prefer to lease equipment with return options
I want flexible leasing with lower monthly costs
How we help
How Novuna helps businesses access funding fast
Tell us what you need
Start with a simple form or call - tell us your business challenge.
We compare your options
We compare multiple providers to get you the best deal.
Choose the right type of asset finance
We’ll help you decide between hire purchase, leasing, or equipment loans.
Apply with expert support
Get help applying - with a real expert on hand throughout.
Get clear, transparent terms
No jargon, no surprises – just honest advice with no hidden fees.
Receive funding fast
Get access to finance quickly so you can focus on your business.
Why take action now
Secure the asset your business needs without delay
Avoid long lead times or rising costs by acting early
Improve productivity, expand operations, or replace ageing assets
Retain working capital while gaining asset ownership
Why choose Novuna Business Cash Flow?
Why businesses trust us for hire purchase
We're highly rated by our existing customers
"The communication and support has been outstanding. Providing me with all the information I needed regarding new clients coming onto our books. The system they use is so user friendly and the drawdown payments are very efficient in the fast moving world of temporary payroll.'
More reviewsWe're a multi-award winning business cash flow specialist
Innovation in the SME Sector 2024
Alternative SME Lender of the Year
SME Lender of the Year 2023
Best Use of Technology 2023
Best Provider 2023
What hire purchase looks like in your sector
Tailored support for the assets your business depends on
