Lease and Hire Purchase Contracts Specialist lease and hire purchase contracts solicitors in Milton Keynes

At Heald Solicitors in Milton Keynes, we can advise on leasing and hire purchase contracts to ensure that they provide exactly what you want from the arrangement. Our commercial team have a strong business understanding and will work with you to make sure that you have a lease or hire purchase contract in place that suits your needs.

For businesses looking for a way of moving forward without taking on bank loans, leasing and hire purchase can be a good option. Provided payments are made on time, the equipment cannot be recalled during the term of the agreement.

Lease contracts

The leasing company will own the equipment, renting it out to a business for a set period and generally at a set interest rate. The organisation that is renting the equipment will often have the option of updating the equipment at the end of the lease period.

Hire purchase contracts

A hire purchase agreement gives a business the chance to purchase the equipment at the end of the term of the agreement or to return it to the owner. It is a good way for a business with limited cash flow to obtain the equipment it needs, with the chance to buy it for a nominal sum at the end of the hiring period.