Business Contract Hire
Business Contract Hire is a popular choice especially for VAT registered companies and offers most of the benefits of ownership but without the hassle. Effectively you hire the vehicle for a fixed period i.e. 24/36 months at an agreed mileage and fixed monthly cost. At the end of the contract you simply hand back the vehicle without the worry of disposal or the vehicles end value.
Key Benefits:
- Off balance sheet
- No disposal costs
- No depreciation risks
- Fixed monthly costs
- Low initial outlay
- Maintenance can be included
- Road fund licence normally included for the
duration of hire
- Offset rentals against taxation
- Proportional VAT reclaimable
