Hire Purchase & Lease Purchase Offers!

Flexible Business Finance with Norton Way Nissan

At Norton Way Nissan, we understand that every business has unique needs—which is why we offer flexible business finance options tailored to you. Whether you're looking to own your vehicle outright or prefer to spread the cost, we have solutions designed to support your cash flow and long-term goals.

We currently have offers across the Nissan Van range, including competitive Hire Purchase/Lease Purchase finance at 7.9% APR and £500 deposit contributions to help you get started, available until 7th of July!

Contact us today to find out more and discover how our tailored Hire Purchase and Lease Purchase plans can work for your business.

What Is Hire Purchase (HP)?

Hire Purchase is a straightforward way to buy a vehicle by spreading the cost over fixed monthly payments. Your business pays an initial deposit, followed by monthly instalments over an agreed term. At the end of the agreement, once the optional purchase fee is paid, ownership of the vehicle transfers to your business.

Key Benefits of Hire Purchase:

Fixed monthly payments for better budgeting

No mileage restrictions

Full ownership at the end of the term

Monthly payments are not subject to VAT

Potential to reclaim up to 100% of VAT on LCVs (if VAT registered)

Eligible for Annual Investment Allowance (AIA)*

VAT on the vehicle is payable upfront as a lump sum

What Is Lease Purchase (LP)?

Lease Purchase is similar to Hire Purchase, but designed to reduce your monthly payments. It involves an initial deposit and fixed monthly payments, followed by a final ‘balloon’ payment, which is agreed at the start. This balloon payment is larger and defers a portion of the vehicle’s cost to the end of the contract.

You don’t return the vehicle — the balloon payment is what completes the purchase.

Key Benefits of Lease Purchase:

Lower monthly payments compared to Hire Purchase

Predictable, fixed payment structure

Monthly payments are not subject to VAT

Balloon payment helps manage cash flow

Potential taxation benefits through writing down allowances*

LCVs could qualify for the Annual Investment Allowance (AIA)*

VAT on the vehicle is payable upfront as a lump sum

Norton Way Motors Ltd is registered in England No: 00730865. Registered at: Norton Way North, Letchworth, Hertfordshire, SG6 1BL. VAT Registration No: 732242465.

Norton Way Motors Ltd is also authorised and regulated by the Financial Conduct Authority for consumer credit purposes. We offer a range of vehicle finance facilities through a panel of carefully selected third-party lenders. We do not provide customers with independent finance advice and will not offer facilities from lenders outside of this panel. Norton Way Motors Ltd is a broker for finance and not a lender. The lenders that we use are given first right of refusal. This is because these lenders will pay us a commission for introducing you to them. Commission may be calculated based on either a fixed amount relating to the vehicle you are purchasing, a percentage of the amount of finance you are borrowing, or a combination of both. We may also get paid an additional fixed commission if you are a returning customer. Different finance lenders may pay different commissions for such introductions. Such payments will not affect the amount you pay under any finance agreement, all of which are set by the lender. We will inform you of the amount of commission that we will earn in good time. We will require your consent for us to receive this commission. Our approach is to introduce you to a lender on our panel who will offer you the best package taking into account eligibility, product suitability, as well as interest rates and other factors. Our aim is to secure the best deal that you are eligible for. You do not have to take our finance as it is available through other distributors. You can arrange funding for your vehicle elsewhere and it may be cheaper.