CONTRACT HIRE

Contract Hire is a great option for companies who emphasise cost control. One regular and VAT- efficient payment will cover most motoring costs and risks, including the Road Fund Licence, depreciation and the eventual disposal of the vehicle. Many clients also choose to include a maintenance package that’s designed to suit them. The only other costs remaining with the customer are fully comprehensive insurance & fuel.

Contract Hire means that clients:

• Gain an additional credit line.
• Can reclaim the VAT on 50% of their payments and on 100% of their maintenance package costs.
• Run vehicles that are not recorded in the Balance Sheet but on the Notes to the Audited Accounts.
• Can claim Hire Rental Tax Allowances.

In Summary Contract Hire offers:

• Fixed cost, inflation free motoring.
• No Residual value risk.
• Low initial outlay.
• Cash Flow benefits for business users.
• Ability to renew cars for minimal outlay.
• Allows cars to be kept up to date and vehicle fleet fresh.