BUSINESS CONTRACT HIRE

Contract Hire is a popular choice for V.A.T Registered companies with more than 40% of companies choosing this Funding method.

Having minimum outlay and maximum control of costs along with the Tax advantages and reduced administration assists business to budget  accurately for their vehicle needs. Contract Hire is available for Sole Traders, Partnerships and Ltd Companies.

Finance /Taxation Benefits

• Accurate Monthly Budgeting
• Off Balance Sheet
• Improved Cash Flow
• Minimum Capital Expenditure
• Fixed Interest Rates
• Rentals Allowable against Taxable Income
• V.A.T Recoverable on Monthly Rentals*
• No Depreciation Risks

* Only 50% of the V.A.T relating to the Finance element is recoverable if car has private usage. 100% if Business only. On Contracts with Maintenance the Service element V.A.T is Recoverable.

Vehicle Running Benefits

• No Vehicle Disposal Problems
• Reduced Administration
• On-going Advice and Support
• Road Fund Licence Provided for Duration of Contract
• Optional Maintenance Package
• Optional Breakdown Rescue Cover
• Optional Replacement Vehicle Cover in Event of Breakdown
• Optional GAP Insurance*

---

Add this page to your favorite Social Bookmarking websites