Contract Hire
Contract Hire is the easiest and most popular way for companies to purchase the
vehicle of their choice.
With one fixed monthly payment, companies can budget over an extended period for each vehicle with an agreed mileage.
Company vehicles on Contract Hire, will not appear on your balance sheet as a depreciating asset. This is because the vehicle is treated as a rental rather than a purchase.
Contract Hire also allows for better cash flow due to the reduced initial outlay on day one. There is no risk on the disposal of the vehicle at the end of the agreement either as we carry the risk of disposing of the vehicle on behalf of your company.
Maintenance packages are normally bundled with Contract Hire agreements, but they are not obligatory. Typical costs covered under a maintenance contract would be:
- Road tax
- Routine servicing
- 24 hour roadside assistance
- Fleet management
- Tyres
- Replacement vehicles
Benefits of Contract Hire
- Fixed cost motoring
- VAT may be reclaimed on maintenance payments and also payments made for vans or other commercial agreements. Certain terms and conditions may apply.
- Off balance sheet financing
- Residual value (or future value) is no longer a risk that you face
- There is no large initial outlay as the costs will be evenly spread out in monthly
payments
- Cars / vans can be changed on a regular basis - allowing fleets to run the latest
vehicles, which also maintains a high visual company profile
- We can source any make and model of car, light commercial or 4X4
- Nationwide service network
For more information please contact us on 01 4198373 or complete the form below.
Enquiry Form
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