Hire Purchase
A simple finance solution giving you the benefits of ownership without the capital outlay. You pay a deposit, then fixed monthly payments over a period that 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.
* 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 | Fixed payments | Accurate budgeting |
| A flexible deposit and repayment programme | Shows the vehicle as an asset on your balance sheet | Tax-writing down allowances available |
| VAT fully reclaimable | Interest charges allowable against tax | Balloon payments available |
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.
Our finance products
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Hire Purchase: Flexi-Buy
Flexi-Buy has all the traditional benefits of hire purchase, with the added flexibility of an optional annual payment of up to 20% of your remaining balance. -
Finance Lease
Offset the lease of your rental vehicles against your taxable profits when you lease vehicles for a fixed period. -
Hire Purchase: Freedom
Freedom lets you take an annual payment holiday of one or two months on a hire purchase agreement. -
Operating Lease
We take the residual value risk in the vehicle and use it to lower your monthly lease payments. At the end of the agreement, simply return the vehicle to us.
Please note that Scania Finance 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. Existing customers that are affected by this change will receive information from us. If you think you might be affected, please contact us or get in touch with your local representative.