Business Contract Hire
Contract Hire
Contract hire is a poplular choice for most VAT registered buisnesses that require a minimum cash outlay and that offers maximum control of the total cost of running a vehicle on contract, this especially works well when opting for a full routine service, maintenance and repair agreement and maybe with an option to include a relief vehicle if required for any eventually.
Because of the VAT benefits of a contract hire agreement and regular fixed monthly rental payments that covers all risks such as; Capital aquistion, Cost of depreciation, Road fund licence tax, Roadside assistance, Final disposal, Reduced internal administration for a fixed period of time and mileage combined allows businesses to really plan the motoring and fleet cost accurately.
- 50% of VAT is recoverable on the finance element of the monthly rentals (see more..)
- Fixed Monthly Budgeting
- Improves cash flow
- Fixed intestest rates apply
- Month contract hire rental allowable against your taxable income
- No vehicle depreciation risks regardless of value
- No vehicle disposal issues or costs
- Simple and easy internal administration
- Ongoing support and contract advice
- Full contract duration Road Fund Licence costs
- Breakdown & recovery cover (see more..)
- Replacement vehicle for breakdown, accident - optional (see more..)
- Fixed monthly charge for Service, Maintenance & Repairs - optional (see more..)
- 100% VAT recovery on Service, Maintenace & Repairs costs
- Contract amendments available during contract hire agreeement duration
- Excess mileage fee applies for over contract mileage (see more..)
- Contract period extensions possible (see more..)