Another variable rate Hire Purchase agreement but budgeting is made easier because of the fixed equal monthly repayments of capital and estimated interest.

Another variable rate Hire Purchase agreement but budgeting is made easier because of the fixed equal monthly repayments of capital and estimated interest. Actual interest is calculated daily, based upon Nat West Base Rate or another mutually agreeable base rate. Any movement in the chosen base rate is used to reflect either the shortening or lengthening of the repayment period - hence we describe it as fix the payment and float the period.

Benefits:

• Fixed repayments of capital and interest
• Enjoy savings when interest rates fall
• Accurate budgeting
• No monthly/quarterly interest bills
• No additional costs for early settlements
• Ability to pay off lump sums
• VAT fully reclaimable
• Tax writing down allowance available including the Annual Investment Allowance
• Interest charges are 100% tax allowable
• The machine is yours after the last payment
• Can be linked to dealer service, repair and maintenance agreements