Contract Hire
Business Contract Hire provides hassle free motoring for your business. It is an efficient way of funding the use of a vehicle without the cost of ownership. You benefit from low initial outlay, regular rentals and no worry about disposal of your vehicle at the end of the contract. You can also include a full maintenance package within the monthly rental. This covers regular servicing costs as well as the costs of wear and tear to things like brakes and tyres.
How it Works We purchase the vehicle you choose, allowing us to claim back the VAT. This means that your payments are calculated on a VAT exclusive price. You choose the vehicle you wish to drive, agree your annual mileage and decide your hire period of between 24 and 60 months. Choose whether to include a full maintenance package within the monthly rental. Your rental is calculated based on your choices. At the end of your term, simply return the vehicle to us (within the agreed mileage and in good condition), choose your next vehicle and start again.
Customer Benefits- Rentals are lower as they are calculated on the VAT exclusive price of the vehicle
- VAT registered businesses can reclaim the VAT paid on rentals
- Rentals are allowable against tax - Off balance sheet funding
- Low initial outlay and regular rentals for easy budgeting
- Road Fund Licence included for the duration of your contract
- The optional maintenance package brings all your running costs together in a single rental
- Flexibility to change your contract term and mileage should your circumstances change
- No concerns over the future value of your vehicle
- You don't have the worry of selling your vehicle at the end of your contract
