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Contract hire is available for all new cars and commercial vehicles (up to 3.5 tonnes). With this option, you are simply hiring the vehicle for a set term, usually between 24 and 60 months. At the end of the hire agreement, you hand the vehicle back to the leasing company.
Why choose Contract Hire?
Low monthly rentals – your payments are generally lower than those on an equivalent purchase agreement.
Road fund licence is included for the whole agreement.
We can include all maintenance and servicing for an additional monthly premium.
Consider the following before choosing Contract Hire.
VAT is payable on the monthly rentals. If you are VAT registered then you can reclaim 50% of the VAT for cars, and all the VAT on commercial vehicles (assuming some private use in the vehicle.) If you have a maintenance contract then you can reclaim all the VAT on this portion.
You will not own the vehicle at the end of the agreement.
You will be liable to pay for any excess mileage or damage to the vehicle when it’s returned to the leasing company.
If you’d like to speak with one of our experienced sales staff then please feel free to call us on 01342 301465