Business Contract Hire


Your business will benefit from access to brand new cars and vans but without the initial capital outlay required to purchase them. The duration of the lease can be set for two, three, four, or five years during which time you will pay a fixed monthly payment.

You can also add relevant services into the contract for a fixed cost providing certainty and helping you to budget for the whole life cost of the vehicle, as an example you can add maintenance, breakdown cover and accident management.

At the end of the lease term, you don’t have to worry about selling the vehicle(s), or wondering what they may be worth on the used car market.

The benefits to your business:

  1. Reliable new vehicles that are fit for purpose promoting a positive image of your business.
  2. The choice to select any vehicle currently on the market.
  3. Fixed monthly payments making it easier to budget.
  4. Competitive prices thanks to our buying power and relationships with the vehicle manufacturers.
  5. The flexibility to set and adapt the contract length and agreed mileage.
  6. Funding is off balance sheet as all "risk and reward" resides with us.
  7. Mitigate the risks of the used vehicle market, simply returning your cars and vans to us at the end of the lease.
  8. Rentals may be allowable against taxes, subject to HMRC rules.
  9. VAT efficient (50% of the VAT on all business rentals can be reclaimed 100% for commercial vehicles).

Considerations

  1. Contract hire is a fixed contract, it is designed to run for a specific period of time and can therefore carry some penalty if terminated early.
  2. You will never own the vehicle.
 

Not sure if this is right for you? Take our 1 minute "Which finance option is best for me?" or get in touch and we'll help you

Testimonials


Adam Smith - Director ASK & Farebrother Smith Testimonial

I was looking for 2 vehicles for my company ASK Mobile Phones, a commercial van and a 4x4. The deal on the commercial van was very competitive and the admin and delivery was as smooth and easy as it could be.

Adam Smith - Director ASK & Farebrother Smith

Nigel Lomax - TaxAssist Accountants Shrewsbury and Newport Testimonial

Stuart has advised a number of my clients who were looking to purchase a new vehicle. Everyone of them has told me about the great lengths that Stuart has gone to in order to find the best deal for them.

Nigel Lomax - TaxAssist Accountants Shrewsbury and Newport

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