Hire Purchase
A simple finance solution giving you the benefits of ownership without the capital outlay.听You pay a deposit, then fixed monthly payments over a period that听suits. Interest charges are allowable against tax and you can reclaim the VAT at the start of the agreement. The vehicle will appear as an asset on your balance sheet and you will own it once all the payments have been made.
听
*听Please note that we are no longer able to offer this product to natural persons (including sole traders and partnerships) in Ireland.
Key features
| You own the vehicle听 听 听 听 听 听 听 听 听 听 听 听 听 听 听 听 听 听 | Fixed payments听 听 听 听 听 听 听 听 听 听 听 听 听 听 听 听 听 听 听 听 听 听 | Accurate budgeting听 听 听 听 听 听 听 听 听 听 听 听 听 听 听 听 听 听 听 听 听 听 |
| A flexible deposit and repayment programme | Shows the vehicle as an asset on your balance sheet | Tax-writing down allowances available听 听 听 听 听 听 听 听 听听 |
| VAT fully reclaimable听 听 听 听听 | Interest charges allowable against tax听 听 听 听 听 听 听 | Balloon payments available听 听 听 听 听 听 听 听 听 听 听 听 听 听 听 听 听 听 听 听听 |
Hire Purchase explained
Contact us
Get in touch if you have any questions about our products and services, or to request a quote.
FAQS
Answers to frequently asked questions about your finance agreement, updating details and more.
PRODUCT GUIDE
Download your copy of the Hire Purchase product guide that explains the key features of the product.听
Our finance products
Please note that TRATON Financial Services Ireland Limited no longer provides the following products to natural persons (including sole traders and partnerships) in Ireland: Hire Purchase, Finance Lease, Operating Lease, Flexi-Buy and Freedom.听Existing customers that are affected by this change will receive information from us. 听If you think you might be affected, please contact us听or get in touch with your local representative.