Contract Hire

A popular choice for VAT registered companies that want minimum outlay and maximum control over costs, especially when the maintenance and relief vehicle options are included.

With this VAT beneficial package, one regular payment covers all risks including costs of depreciation and disposal for an agreed period of time and mileage. Road fund licence is included but roadside rescue maintenance and relief vehicle provision are options that can be added and charged to the rental payment.

Contract Hire gives your business:

• Accurate monthly budgeting
  
• Improved cash flow
  
• Minimum capital expenditure
  
• Fixed interest rate
  
• Rental allowable against taxable income
  
• VAT chargeable on rentals
  
• VAT recoverable on rentals
  
• VAT recovered on purchase cost by finance company and passed on to customer in lower rental
  
• No depreciation risk
  
  Vehicle Running Requirements
  
  
• No vehicle disposal problems
  
• Reduced administration
  
• On-going advice / support
  
• Fixed interest rate
  
• Road Fund Licence provided
  
• Breakdown rescue cover
  
• Replacement vehicle in case of breakdown
  
• Fixed charge maintenance
  
• VAT chargeable on services
  
• VAT recoverable on services
  
  We are happy to advise on the suitability of this finance option with respect to your particular requirements.
  Please email us for more information.