Asset Finance from Lombard

Hire Purchase is a flexible finance option which allows a business to hire assets (such as vehicles, machinery or equipment) through paying agreed monthly instalments with the option to purchase the asset at the end of the agreement. You don’t own the asset until you have paid in full.​

• Fixed and variable rate options available
• Spread the cost of expensive assets.
• Find your own asset.
• Choose the payment term, from 12 to 84 months.
• No arrangement fee to pay when you apply online.

If you're a Sole Trader or Partnership of 2 or 3 partners borrowing up to £25,000.00, or a private individual borrowing any amount, your agreement will be regulated by the Consumer Credit Act (1974). This means you'll have a Fixed Rate Regulated Conditional Sale agreement.  Check out our factsheets for more information Fixed Rate Conditional Sale (PDF, 274KB), Fixed Rate Hire Purchase (PDF, 181KB), Variable Rate Hire Purchase (PDF, 215KB).

• Contract Hire is where you pay an advance rental, followed by fixed monthly rentals, to lease cars or vans for however long you need them (typically between 24 – 48 months). 
  
• You’ll choose how many miles the vehicle will drive in a year (typically between 5,000 – 50,000 miles).  
• When the agreement comes to an end, you simply hand the vehicle back to us with nothing more to pay.

Subject to the vehicles remaining within their contracted mileage and their condition meeting the BVRLA Fair Wear and Tear standards. Security, guarantees or indemnities may be required. Product fees may apply.  Subject to status.