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Contract Hire

This is an Operating Lease without maintenance or servicing. It is a simple and straightforward facility that can offer some businesses an efficient package that lets you retain control of your own vehicle servicing and maintenance.

Cashflow Benefits

A vehicle on an Operating Lease can be classified as "off balance sheet" for accounting purposes, therefore offering advantages to your business by improving its financial ratios (gearing).

Tax Implications

As it is an Operating Lease your finance rentals can be offset against taxable profits. If you are VAT registered, you can reclaim 50% of the VAT on the finance element of the rentals if the vehicle is used privately, or 100% if it is used exclusively for business or is a commercial vehicle.

Who owns the vehicles at the end of the agreement?

After you have paid your regular fixed monthly rentals for the fixed period, at the end of the agreement you simply hand the vehicle back.

For more information please call one of our friendly staff on 0845 612 3341 or by emailing enquiries@buyanewcaronline.co.uk