Help us spread the cost of your purchases on both new and used machines.

McGrath Bakery Services are pleased to now offer business customers finance and leasing across both UK and ROI in partnership with Consero Finance.  

The key difference between a lease agreement and a hire purchase finance agreement is that at the end of a lease, you return the asset and at the end of an HP, you have the option to purchase and keep the asset if you so choose. This type of agreement is only available to business customers – including limited companies, self-employed people and sole traders; it is not available to private individuals.

Leasing/Hire Purchase Benefits:

  1. Maintaining Cash Flows
    Preserving working capital will allow your business to reallocate your cash to areas that
    generate greater returns than equipment purchases.
  2. Access to Product Upgrades
    Leasing upgrades ensure that your business can switch to advanced products without
    being stuck with obsolete technology or old equipment. Moreover, spreading the
    equipment payment over time would mean your business pay as they use the product.
  3. Ease and Flexibility
    You have the option to pay on a monthly or quarterly basis via direct debit. Our asset financing
    products are highly flexible and versatile.

Want to find out more?

Get in touch today to tailor specific finance deals and find out more information.

Differences between Leasing and Hire Purchase


Terms: 12-84 months depending on the asset

Deposit: No deposit required

VAT: Payable with each monthly or quarterly
leasing instalment

Interest Rate: Fixed amount for the duration of the agreement

End of Term: Continue to lease or upgrade and start a new lease.

Hire Purchase

Terms: 12-84 months depending on the asset

Deposit: 10% deposit is usually required

VAT: Total VAT is paid at the start of the

Interest Rate: Fixed amount for the duration of the agreement

End of Term:Title of the equipment will pass onto customer