Use the asset while paying for it over time
Industrial hire purchase helps businesses acquire machinery, equipment, and commercial vehicles without paying the full purchase price upfront. The asset can start working for the business while payments are made over the agreed period.
This is commonly considered for excavators, forklifts, lorries, trailers, factory machines, workshop equipment, warehouse equipment, and other productive assets.
Ing Heng reviews both the asset and the business. A strong enquiry normally explains what the asset does, who is selling it, how it will be used, and how the monthly payment will be supported by business activity.