Sale & Hire Purchase Back is a facility to refinance a vehicle or a piece of plant or machinery that has already been bought by the business in the last 90 days.
Repayment terms are calculated on the original cost price and include the exact same benefits as a Hire Purchase facility.
If a supplier / manufacturer requires stage payments on an asset then a business can make these payments, take good title, and sell the asset back to the finance company utilising this facility.
It also applies with foreign suppliers and auction houses or where a business buys a number of assets over a month / quarter and sells them back in a block to a finance company.
Other types of Asset Finance
Morse Business Finance can provide a number of funding solutions.
Hire
Purchase
Spread the asset cost over an agreed period, gaining full ownership at the end of the agreement.
Find out more
Finance
Lease
Spread the asset cost and vat over an agreed period, with ownership typically remaining with the finance company.
Find out more
Operating Lease
Spread the asset cost over an agreed period with repayments substantially lower than hire purchase or finance lease. Ownership remains with the finance company.
Find out more
Sale & Hire
Purchase Back
Allows a business to sell an asset purchased within 90 days back to the finance company and then spread the original asset cost over an agreed term.
Find out more
Refinance
A way to release capital on assets already owned by a business by selling them to the finance company and spreading the valuation cost over an agreed term.
Find out more
VAT
Loans
Defer the VAT on asset purchases for up to 4 months on hire purchase or spread the vat over the agreed repayment term on a finance lease / operating lease.
Commercial
Loans
Spread the cost of non-asset related purchases over an agreed term, eg expansion, acquisition, fit-outs, IT upgrades.
Growth Guarantee
Scheme Loans
Available for asset purchases with a 70% government guarantee and spread the cost over an agreed term. Conditions apply.
Get in Touch
Keen to chat and form a long term relationship that works for you.