Contract Hire
Contract hire is becoming the preferred means for acquiring vehicles. With contract
hire a fixed payment determines the monthly rental repayment for the life of the
agreement. All depreciation is calculated within that agreed payment, allowing the
customer to manage their company budgets and cash flow. When taken out with a service
contract, agreements typically cover vehicle excise duty, servicing and repairs,
tyres and replacement vehicles where requested..
All calculations are worked out on the basis of term, mileage and cost of maintenance.
There are many variations which can be arranged for your own companies needs. Contract
Hire agreements are `Off Balance Sheet` and so do not effect company gearing.
VAT is currently reclaimable in full on commercial vehicles if your company is VAT
registered. Any make or model can be supplied in any colour or specification. We
are also able to customize with sign writing or graphics accordingly. With contract
hire you will always have a modern and presentable fleet of vehicles within your
company.
At the end of the agreed term, your vehicle is simply handed back without any worries
of disposal and vehicle depreciation.