Hire Purchase vs Lease Agreements in Ireland: What's the Difference?

Looking to finance a vehicle, machinery, or equipment in Ireland? Hire Purchase (HP) and Leasing are two common options — but they work in very different ways. HP gives you the option to own the asset at the end, while Leasing offers flexibility without long-term commitment. Understanding the differences in ownership, tax benefits, and payment structure is key to making the right financial decision. Explore the pros and cons of each to find the best fit for your business needs.