Contract Hire

Contract hire can reduce the financial burden and eliminate the administrative costs of company fleets regardless of size. It provides a tax efficient risk and optimises cash flow. Your company enters into a hire agreement for a fixed term and a fixed monthly rate. At the end of the contract we retain ownership of the vehicle which is returned to us.

The monthly charge includes the cost of the vehicle, depreciation, contracted mileage, plus any additional services you choose to include. This would normally consist of maintenance and servicing and full RAC breakdown cover.

The benefits are as follows:

• Low initial payment typically equal to three monthly payments.
• Monthly costs are minimised due to our discounted buying power and because we can reclaim the VAT on the purchase, this is reflected in your payments.
• Funding is off balance sheet as all "risk and reward" resides with us.
• A maintenance inclusive arrangement eliminates all risks and costs associated with a fleet of vehicles.
• Your monthly costs are fixed, all you have to add is fuel and insurance.
• Provides you with known costs through the medium term which facilitates enhanced cash flow management.
• The absence of substantial capital investment enables you to better utilise your capital and credit lines to the benefit of your core business activities.

More Finance Options

Introduction to Car Finance Options
Contract Hire
Contract Purchase
Finance Lease
Hire Purchase
Lease Purchase
Personal Contract Hire - PCH
Personal Contract Purchase - PCP