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.



This is the first deal we have concluded with Paragon Bank Technology Finance, it was painless and won’t be the last. Their industry knowledge is definitely an advantage and they demonstrated a flexible and accommodating approach to the financing, working with the supplier and Telegenic to reach an agreement within what turned out to be a pretty tight schedule.

Peter Bates
MD, Telegenic

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