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Lease Purchase (or HP)

An instalment credit facility where the equipment cost is funded over a term - up to five years – with repayments that include capital and interest. Interest rate is fixed from the start so you can budget your costs with accuracy. Repayments can be monthly or quarterly and we can even offer seasonal payments to give you lower repayments in periods when your business is normally less busy.

When you have paid all the repayments, title in the equipment will pass to you on payment of an option to purchase fee.

Key benefits:

  • Fixed repayments
  • Interest rate fixed at start of agreement so ease of budgeting
  • VAT element of deposit recovered through your VAT return
  • Seasonal payment options
  • You claim tax benefits of ownership, subject to your tax status.


 

Testimonials

Paragon Bank Technology Finance was able to help me in several ways. They helped with the financial planning, but also by being in tune with the market and understanding the business very well. Dealings were always very transparent, there was no smoke and mirrors, and there was no need to make anything more complex than it needed to be. It wasn’t about a heavy sell, just facilitating the finance.

Andrew Hale
Keyboard player, songwriter, Sade

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