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Return to Asset Finance HomeHire Purchase

One of the most adaptable ways to fund fixed assets is Hire Purchase. With monthly repayments structured over 2-5 years, the customer can enjoy economic ownership from the outset. This is particularly suitable with equipment which has a long working life within the business.

What is it?

Allows customers ownership from Day 1 for tax and accounting purposes. Goods are invoiced to the Bank or Finance Company and the customer normally pays fixed instalments over an agreed period of 2-5 years. At the end of the agreement full title passes to the customer. The VAT is normally paid on signing the agreement.

Benefits

 

 

To apply, or for more information, send us an email or contact your local business team

 


For full Terms and conditions, please refer to our Guide to Business Banking - 123KB PDF Document.


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Bank of Ireland - incorporated in Ireland with limited liability. Authorised by the Irish Financial Regulator and authorised and subject to limited regulation by the Financial Services Authority. Details about the extent of our authorisation and regulation by the Financial Services Authority are available from us on request. Registered No. C-1. Head Office, Lower Baggot Street, Dublin 2, Ireland. VAT Registration No. 168196135.