One fixed monthly rental incorporating every conceivable cost except insurance and fuel. Contract Hire is ideally suited to VAT registered fleet administration and management is significantly reduced. Smaller fleets can also benefit from the security of maintenance and depreciation risks taken on by the Leasing Company and not left with your business.

Although Contract Hire is a fixed agreement for a period of between 12 and 60 months with a pre agreed mileage, tailored packages can be compiled to include all or some of the following:

• Servicing
• Maintenance and Repairs
• Full European Breakdown Assistance
• Replacement Vehicle in the event of accident or breakdown
• Mileage amendments to account for previously unknown circumstances (either increased or reduced) and associated alterations in ongoing monthly rentals
• Extensions of contracts
• Insurance
• GAP Insurance

Benefits

• Minimal initial outlay, typically 3 months rentals
• Fixed cost allows accurate budgeting
• Elimination of Residual Value risk
• Elimination of Maintenance risk (if selected)
• Off balance sheet funding
• Minimal Administration
• Rentals offset against taxable profits
• Subject to IR Legislation
• Major Fleet discounts incorporated within the rental