25/09/2026
Thinking about a new van, machine or piece of kit for your business? Before you sign anything, it's worth pausing on how you pay for it.
Buying outright, hire purchase and leasing all work differently for cash flow and tax. For example, hire purchase is usually treated like buying for tax purposes, while lease payments are generally deductible as you go. Cars have their own rules, and VAT can make a real difference too.
We've put together a straightforward guide covering the pros and cons of each option, the latest tax reliefs and the questions to ask before you commit.
If you run a business in Burscough, Ormskirk or across West Lancashire and you're weighing up a big purchase, we're happy to talk it through with you.
Should you buy or lease equipment? Learn how cash flow, capital allowances, HP, leasing and VAT compare for UK businesses. Talk to us today.
