The most popular choice for VAT – registered and
non VAT – registered companies that want minimum outlay
and maximum control of costs, especially when the maintenance
and relief vehicle options are included. With this VAT –
beneficial financing package, one regular rental payment covers
all risks, including costs of depreciation and disposal, for
an agreed period of time and mileage. Road Fund Licence is
included, but roadside rescue, maintenance and relief vehicle
provision are options that can be added and changed to the
monthly rental.
The benefits of Contract Hire:
Up to 100% tax deductable depending on cost of vehicle
Low initial outlay
Flexible contracts
No residual risk
No disposal issues
Optional relief vehicle whilst yours is off the road
Capital not tied up in a depreciating asset
Off-balance sheet borrowing/accounting
Fixed cost and optional maintenance
VAT on rentals reclaimable
Road fund licence included for the full contract length
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