Contract Hire Explained

Contract Hire Explained 2016-12-12T19:59:38+00:00

Contract Hire Explained

Contract Hire is a traditional form of leasing for businesses who are VAT registered and require off balance sheet funding due to operating lease status which improves company gearing, cash flow and budgeting.

Key Features & Benefits

  • Accurate monthly budgeting
  • Finance company takes all the risk of vehicle ownership (depreciation, maintenance, residual value)
  • Off balance sheet funding as vehicle is owned by finance company
  • Flexible contract term & mileage
  • VAT recoverable on monthly rentals

Key Benefits

  • Low Capital outlay
  • Improved Cash Flow
  • Improved gearing due to off balance sheet
  • No risk on resale
  • Reduced administration on sourcing, maintaining & sale

To enquire about finance for any make and model car, van or light truck please complete and send this form or call us on 01824 719005

Your Name*

Your Email Address*

Your Telephone Number*

Car Make (e.g. BMW)*

Model (e.g. 520)*

Finance Type* Not KnownContract HirePersonal Contract HireContract PurchasePersonal Contract PurchaseFinance LeaseLease or Hire PurchaseFlexible Lease

Period of Hire* 24 Months36 Months48 Months

Annual Mileage* 5,0008,00010,00012,00015,00020,00025,000

Maintenance* With MaintenanceWithout Maintenance

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