Business Contract Hire

Business Contract Hire is a simple and cost effective way to fund any number of vehicles

Contract Hire is a long term rental agreement. Contracts range from 12 to 60 months and are tailored to the businesses requirements.

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Our Top Offers

special offer
NISSAN QASHQAI HATCHBACK
1.3 DiG-T MH Acenta ...
Term: 24 months
Profile: 9 + 23
Mileage: 5000
£166.65 ex VAT
Booking Fee: £300.00 ex VAT
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special offer
KIA XCEED
1.0T GDi ISG 2 5dr
Term: 36 months
Profile: 9 + 35
Mileage: 5000
£122.81 ex VAT
Booking Fee: £300.00 ex VAT
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special offer
VOLKSWAGEN TIGUAN ESTATE
1.5 TSI Life 5dr
Term: 48 months
Profile: 9 + 47
Mileage: 5000
£189.02 ex VAT
Booking Fee: £300.00 ex VAT
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special offer
KIA E-NIRO
150kW 2 Long Range 6...
Term: 24 months
Profile: 9 + 23
Mileage: 5000
£222.48 ex VAT
Booking Fee: £300.00 ex VAT
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special offer
MERCEDES-BENZ CLA
CLA 180 AMG Line 4dr...
Term: 48 months
Profile: 9 + 47
Mileage: 5000
£229.16 ex VAT
Booking Fee: £300.00 ex VAT
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Stock offer
MERCEDES-BENZ A CLASS
A250e AMG Line Premi...
Term: 48 months
Profile: 9 + 47
Mileage: 5000
£324.39 ex VAT
Booking Fee: £300.00 ex VAT
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special offer
VOLKSWAGEN GOLF HATCHBACK
1.5 TSI 150 Life 5dr
Term: 24 months
Profile: 9 + 23
Mileage: 5000
£158.58 ex VAT
Booking Fee: £300.00 ex VAT
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special offer
KIA STONIC
1.0T GDi 99 2 5dr
Term: 48 months
Profile: 9 + 47
Mileage: 5000
£123.74 ex VAT
Booking Fee: £300.00 ex VAT
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Business Contract Hire

Advantages:

  • Minimum capital expenditure
  • Accurate monthly budgeting
  • Improved cash flow
  • Fixed interest rates
  • Rentals can be offset against business profits. Cars with a CO2 output above 130g/km are currently subject to a 15% disallowance on the amount of the rental that can be claimed against the businesses taxation, for contract-hire vehicles with a CO2 output of 130g/km or below, there is currently no disallowance
  • Reduced administration
  • On-going advice and support
  • Road Fund Licence provided (vehicle excise duty paid) for duration of contract
  • Optional maintenance package
  • Optional breakdown rescue cover
  • Optional replacement vehicle cover in event of breakdown
  • Optional GAP insurance which provides cover for the shortfall between the outstanding finance and the insurance value if the vehicle is declared a write-off by your insurance company

On contracts with maintenance the VAT on the service element is 100% recoverable. A major benefit is there are no vehicle disposal worries as the future value is underwritten by the leasing company. Another benefit of Contract Hire is that it is generally 'off balance sheet funding' (subject to legislation change) which means it can improve your gearing ratio (assets to borrowing ratio) and therefore possibly your borrowing ability in the future.


Find out more in our useful information document, available here.