Own your asset while sp the cost
Hire purchase - otherwise known as lease purchase - is a simple repayment facility, where you eventually own the asset at the end of your agreement with Fowlers Finance .
Hire purchase benefits
Total control-the asset is yours at the end of the agreement
Flexibility in your repayments - makes for easy budgeting
Fixed or variable interest options - it's your decision which is best for you
Tax advantages - normally you can claim writing-down allowances and perhaps capital grants, while repayment interest may be offset against profits and VAT is usually reclaimable (special rules apply to cars).