Contract Lease
Contract Hire is the easiest and most popular way for a company to purchase a vehicle. It is ideal if you do not want the financial risk of running your own vehicle. It allows the use of company vehicles for one fixed monthly payment over a set period for each vehicle with the mileage agreed. Vehicle maintenance can be included in the monthly payments, but is not obligatory.
With a Contract Hire Maintenance package you can have the joy of driving your vehicle without the worry of any unexpected service or maintenance costs as the Contract Hire agreement can cover everything from tyres and road tax to servicing. The only exception with a Contract Hire Maintenance package is your fuel and insurance costs.
Benefits:
- Better cash flow due to fixed cost motoring
- Off Balance Sheet funding
- We take care of vehicle maintenance and all road tax administration including NCT or DOE if necessary.
- 24 Hour Roadside Assistance
- VAT may be reclaimed on maintenance payments and commercial agreements
- Minimised risk for you as you do not have to worry about the residual/future value or disposal of the vehicle, you just hand it back to us when the agreed term is up.
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