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Contract Hire
Contract Hire is the lease of a vehicle for an agreed period of time and mileage at a low fixed monthly rental.
It is the ultimate in "risk-free" funding allowing companies to gain greater control over their vehicle operating costs and improving the accuracy of their forecast budget.
Contract hire is the most popular fleet financing option enabling companies to concentrate on their business activities without the financial risk and administrative worry that comes with owning a fleet of vehicles.
Maintenance facilities can also be incorporated into Contract Hire whereby road fund licenses, tyres, routine servicing and general wear & tear are covered by the contract hire company, however this is obligatory.
The benefits of contract hire are listed below:
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► Accurate monthly budgeting ► Improved cash flow ► Minimum capital expenditure ► Fixed interest rate ► Rental allowable against taxable income ► VAT chargeable on rentals ► VAT recoverable on monthly ► No depreciation risk
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► No vehicle disposal problems ► Reduced administration ► On-going advise and support ► Road fund licence provided ► Breakdown rescue cover ► Fixed charge maintenance ► VAT chargeable on services ► VAT recoverable on services ► VAT recovered on invoice value by Fin.co and passed to customer in lower rentals
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Contact us for more information about contract hire on 0845 124 6952 (Local rates apply)
