Contract Hire

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If you would like a total, fixed cost motoring package then contract hire is the answer for your business. Essentially an operating lease, contract hire can include the provision of maintenance, a relief vehicle, emergency cover, road fund license and vehicle collection and disposal. Because we take care of everything you can concentrate on running your business. All you have to do is to arrange for insurance and pay for fuel.

With a low initial outlay (usually only 3 months' rentals in advance) and fixed monthly rentals, you'll know exactly what your monthly motoring costs will be. So no more unexpected bills or problems and less time spent on administration.

Contract hire is also very efficient because the vehicle is treated as "off balance sheet" which improves the gearing ratio in your accounts. The rentals can be offset against taxable profits for maximum tax efficiency. As with leasing, if your business is VAT registered you can also reclaim 50 % of the VAT on the finance element of the rentals or 100% if the vehicle is used exclusively for business use. All VAT payable on the maintenance element of the rental is fully recoverable, irrespective of use.

 

 

For more information Telephone Pat or Jonathan Lawless 9.am to 5.30pm 01335 360763 / 360022 Mon-Fri. Out of hours 07918 756002 Fax: 01335 360088