Flexible financing with hire purchase

Hire purchase for companies

Hire purchase is a flexible financing option that enables companies to make necessary investments in plants, machinery, vehicles and more and finance them over a longer period of time. You get to use the financed machines or equipment immediately and acquire them gradually through monthly instalments. At the end of the financing period, ownership is transferred to you. This enables better planning and control of liquidity.

Advantages of hire purchase with Teylor

• Customised solutions: We customise our hire purchase offer to the individual needs and situation of your business.
• Digital process: Our fully digitalised application process enables fast processing and payment.
• Cash flow management: Hire purchase offers better cash flow control by avoiding large one-off payments. Instead, regular, predictable instalments spread the financial burden evenly over the financing period. This enables companies to maintain their liquidity and focus their financial resources on other areas of their business.
• Economic efficiency: Hire purchase enables companies to make investments without high initial costs, which is particularly advantageous for SMEs. Being able to use the purchased machinery or equipment immediately helps to increase production capacity and efficiency, which enables faster growth.
• Balance sheet: Hire purchase can have a positive impact on your company's balance sheet, as you can capitalise and depreciate the respective assets. In contrast to rental or leasing contracts, the purchased good is recognised as an asset on the balance sheet, which strengthens your equity. At the same time, you may deduct the monthly instalments as operating expenses, gaining a tax advantage.
• Flexibility: Hire purchase agreements offer flexibility to respond to changes in your business. You may choose to adjust the instalment amount, change the financing term or terminate the contract early. This allows companies to react quickly to market changes and operational requirements without being tied in for the long term.
• Unlimited financing amount: We offer financing solutions without a fixed upper limit, depending on your liquidity requirements.
• Expert advice: Our experts will help you choose the best hire purchase options and will be at your side throughout the entire process.

Examples of hire purchase in different industries

• Logistics & vehicles: Expand your vehicle fleet to optimise your logistics processes and shorten delivery times. Hire purchase allows you to react quickly to market requirements, organise your supply chains more efficiently and serve your customers better. You can purchase vans, lorries and special vehicles flexibly and cost-effectively through hire purchase, which immediately increases your transport capacities. Hire-purchase agreements also make it easier to manage high-priced repairs through integrated maintenance services, so that your fleet always remains operational.
• Production plants & machines: Ideal for plant and machinery that requires immediate availability. Hire purchase offers you the opportunity to use urgently needed production machinery such as CNC machines, presses or moulding machines. This enables rapid adaptation to production requirements and market changes without the need for high initial investment. In addition, hire purchase agreements often allow maintenance services to be integrated, making it easier and more cost-effective to manage expensive repairs.
• Construction machinery: Invest in construction machinery to complete your construction projects on time. Hire purchase provides you flexibility to use the machinery you need without tying up capital, which is particularly beneficial in project-based industries. Frequently sought-after construction machinery such as tracked excavators, cranes, wheel loaders and material handlers can be provided quickly and cost-effectively through hire purchase. Even high-priced repairs can be managed more easily and cost-effectively with hire purchase contracts that include maintenance services.
• Technology: Modernise your IT infrastructure to increase the efficiency of your work processes and secure your data. Hire purchase allows you to use the latest technology without having to make a high initial investment. Frequently required IT and office equipment such as servers, network systems, computers and software can be provided quickly and flexibly through hire purchase.
• IT and office equipment: Modernise your IT infrastructure and office equipment to increase the efficiency of your work processes and secure your data. Hire purchase allows you to deploy the latest technology without high down payments. Frequently required IT and office equipment such as servers, network systems, computers and software can be provided quickly and flexibly through hire purchase. This increases the productivity of your employees and ensures a smooth workflow.

How to apply for hire purchase

1. Apply in minutes: Complete our simple online application and receive a non-binding offer immediately.
2. Non-binding offer: The offer is customised and includes indicative borrowing terms. You will receive this offer online and free of charge.
3. Upload documents: Upload the required documents online. We will treat your data securely and confidentially.
4. Identification and digital signature: Identify yourself using video legitimisation and sign the contract digitally.
5. Payout: We will check your documents and transfer the invoice amount to your account within 24 hours.

Take advantage of Teylor hire purchase and take your business to the next level. Apply today and experience how easy and quick financing with Teylor can be.

Hire purchase FAQ

1. What is hire purchase and how does it work? Hire purchase is a form of financing where you can use an asset immediately and gradually acquire it through monthly instalments. At the end of the term, ownership is transferred to you.
2. What advantages does hire purchase offer my company? Hire purchase offers flexible instalment payments, improves liquidity, enables immediate use of the purchased asset and offers balance sheet advantages through the capitalisation of goods and depreciation.
3. What types of goods can be financed via hire purchase? We finance a wide range of goods, including production machinery, vehicles, IT equipment, construction machinery and more.
4. How long does it take to process my hire purchase application? Thanks to our digital process, you will usually receive an offer within a few minutes, and once all the necessary documents have been submitted, payment will be made within one to two working days.
5. Is hire purchase suitable for every company? Hire purchase is particularly suitable for companies that want to make investments without having to make high initial investments and that want to acquire ownership of the goods over the long term.
6. How are hire purchase costs calculated? he costs depend on various factors such as the financed assets, the duration of the contract, the creditworthiness of the company and specific requirements.
7. How secure is my data with hire purchase? We treat your data securely and confidentially. We use modern encryption technologies to protect your information.