Contract Hire.

Widely used as the most popular form of vehicle leasing for VAT registered Sole Traders, Partnerships & Limited Companies. Fleet Week has quoted figures of 40% & rising the total amount of businesses using this form of funding. It is a tax efficient way for companies to run new vehicles.

Companies enjoy reduced administration costs & Tax advantages. The Road fund license is included in most agreements but this should always be clarified. Contract Hire also gives absolute control over motoring costs as maintenance packages can be added.

Business Contract Hire also takes away the risk of depreciation costs & vehicle disposal at the end of the contract.

. Low Initial Payments

. Fixed Cost Motoring

. Excellent Cash Flow Control

. Includes Road Fund License

. Maintenance Packages Available

. Rentals Allowable Against Taxable Income

. VAT Recoverable on Monthly Rentals

. No Depreciation Costs

. No Balloon or Settlement Figure at the end of the contract.

. Removes Vehicle Disposal Problems