FAQ’s


Who is responsible for insuring and maintaining the assets?
The customer.

Do I need to pay anything up front on Hire Purchase?
One pm Finance always ask for an administration fee of £150+ VAT and the VAT on the equipment cost upfront as a deposit.

What happens at the end of a HP agreement?
One pm Finance will invoice for a ‘title’ payment. Once this is paid the equipment belongs to you to do with as you wish.

What if I need finance for more than on piece of equipment?
One pm Finance can offer a credit limit of up to £75,000, so as long as the equipment does not exceed this amount we can help. One pm Finance can even pay more than one supplier.

What will my credit limit be?
This is determined by how long you have been in business, the term of the loan and your credit score. The limit could be anything from £1,000 - £75,000.

How do I repay?
You will pay monthly via Direct Debit.

How quickly can we get a decision?
One pm Finance aims to provide a decision within 24 hours of receiving the finance proposal and any other information requested.

Who can apply for Lease Finance or Hire Purchase?
One pm Finance can assist any business, irrespective of sector or length of time trading.