Finance Options - 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,
the mileage and length of the contract, 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 of many vehicles and as 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. This 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.
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