The Benefits
- Fixed running costs
- Reclaimable VAT
- Assists cash flow
- Rentals fully tax deductible
- Road Tax included
- No resale shortfall
- Option on maintenance costs
- No ownership
Contract Hire
Contract Hire is ideal for companies who do not wish to have the risk associated with running their own vehicles. All figures are subject to V.A.T of which 50% can be reclaimed or 100% if the vehicle is being used solely for business use.
After paying the fixed costs the vehicle is just given back and a new vehicle is chosen. A maintenance agreement can also be included in the monthly costs consisting of servicing and road fund license and a choice of or all of the following;
- Relief Vehicle
- 24 hour recovery and roadside assistance
- Emergency Cover
All you have to do is insure the vehicle and fill it with fuel. With an initial investment as low as 3 months fleets can be managed easier as the costs are fixed for the term.