Car Contract Hire
in the UK can reduce the financial burden and eliminate
the administrative costs of company fleets regardless of size.
It provides a tax efficient risk and optimises cash flow.
Your company enters into a contract hire agreement for a fixed
term and a fixed monthly rate. At the end of the contract we retain
ownership of the vehicle which is returned to us.
The monthly charge includes the cost of the vehicle, depreciation,
the mileage and length of the
contract hire, plus any additional
services you choose to include. This would normally consist of
maintenance and servicing and full RAC breakdown cover.
The benefits are as follows:
||Low initial payment typically equal to three monthly contract
||Monthly costs are minimised due to our discounted buying
of many vehicles and as we can reclaim the VAT on the purchase,
this is reflected in your payments.
||Funding is off balance sheet as all "risk and reward"
resides with us.
||A maintenance inclusive arrangement eliminates all risks
and costs associated with a fleet of vehicles.
||Your monthly costs are fixed, all you have to add is fuel
and insurance. This provides you with known costs through
the medium term which facilitates enhanced cash flow management.
||The absence of substantial capital investment enables you
to better utilise your capital and credit lines to the benefit
of your core business activities.
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