Non-Consumer Hire Purchase

Non-Consumer Hire Purchase

Whether you are a small start-up business or a large established company, Volkswagen financial services can help you tailor a commercial vehicle finance plan to meet your business requirements and help drive your business forward.

For business and taxation purposes, vehicles acquired under a Non – Consumer Hire Purchase arrangement are treated as fixed assets of the company with the amount being treated as a liability.

A Business can offset the interest element of the Hire Purchase cost against Tax thereby reducing the effective cost of borrowing. The VAT amount on the vehicle can be claimed back from Revenue in one upfront payment at the beginning of the agreement (subject to vehicle qualification rebate). 

With Hire Purchase you can defer part of the capital cost until the end of the agreement and pay the final payment, thus making the monthly instalment more affordable.

Benefits of Non-Consumer Hire Purchase

  • The product is straightforward with no tax implications on completion of the agreement
  • Fixed instalments provide for more accurate budgeting and forecasting
  • Separate lines of credit means working capital is free to be used where it is needed most - in the business!
  • As well as preserving valuable working capital, HP can provide better cash-flow management and control

Warning: You will not own these goods until the final payment is made.

Volkswagen Commercial Vehicles Ireland believe the specifications and pricing on this site to be correct at the time of publishing. Specifications, pricing, standard equipment, options, fabrics and colours are subject to change without notice. Some features may be unavailable when your vehicle is built. Some vehicles are pictured with options that may be available at extra cost or may not be available on some models. Ask your authorised Volkswagen Commercial Vehicles Retailer about availability of options and verify that the vehicle you ordered includes the equipment you ordered. Prices exclude delivery and related charges of €775; models shown are for illustrative purposes only.  Recommended on The Road Price (ROTR) is a guideline only.  The actual price is agreed with the Retailer. We therefore invite you to consult your Volkswagen Commercial Vehicles Retailer for further details.

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