Contract Hire is perhaps the most popular option today for VAT registered business users such as limited companies, partnerships or sole traders.
It is the easy route to fixed cost, no hassle motoring.
There are several business and commercial benefits available whilst using a brand new car or commercial vehicle for your business without the cost and inconvenience of using your own hard earned resources, or burdening your company with debt in order to make a vehicle purchase.
Contract Hire results in predictable and fully budgeted motoring costs.
It is off balance sheet funded, the monthly premium remains unchanged – and tax deductable – throughout the fixed term of the hire any drop in residual value of the vehicle remains the responsibility of the hire company.
Time consuming aspects of vehicle ownership such as fleet purchase, then disposal, buying tyres, paying for servicing, costing breakdowns, road fund licence etc., all take their toll on the business user.
With contract hire you just agree the rental, provide us with your company details, select your annual mileage allowance and we’ll do the rest.
Your monthly payment remains the same throughout your period of usage, you’ve tied no funds up, not used your company credit lines, and have exclusive usage of the new vehicle for anything between twelve months and four or five years.
Bit like you do with your mobile phone really. Agree the model, agree the usage, sign the direct debit and leave the rest to us.
Simple really .....