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Vehicle Contract Hire Special Offers quotations are available online today, all offers posted to your email Inbox in less than 60 seconds
Vehicle Contract Hire a new or used vehicle for at fixed monthly rental cost. Leasesave offer special terms flexible enough to meet every business or private user. Vehicle Contract Hire enables companies to release cash normally tied up to outright purchase vehicles, and allows low initial payments followed by fixed all-inclusive monthly rentals to include service maintenance and repairs if required. The lower initial payments attributed to Vehicle Contract Hire are partly available due to lenders being able to reclaim the VAT on the purchase price of a vehicle, thus allowing savings to be passed on to you, the hirer, by way of reduced monthly contract hire rentals.
Fleet & Business sales acount for 50% - 60% of the all new car market. Vehicle Contract Hire has a market share of almost 45 - 50% of this market and is still rising. Many v ehicle contract hire companies calculate monthly rental costs based on the original capital costs, current interest rates, future residual value's and optional equipment which is then recalculated based on the contract hire agreement required by the client such as; pre-determined period of the contract (e.g. 2yrs / 3yrs), pre-determined mileage to be covered (e.g. 10,000 / 20,000 p.a) and additional services required, such as; Service Maintenance & Repairs (SMR), Replacement Vehicle, Fleet Management etc...
At the end of the Vehicle Contract Hire agreement the vehicle is returned to the leasing provider with no further obligation on the users behalf (subject to terms and conditions of the contract). You need to pay attention to any additional costs such as; excess mileage charges, this may be charged if you exceed the pre-demtermined mileage set at the start of the contract hire agreement (e.g. 10,000 / 20,000 p.a). Also, if there is any unfair wear and tear (not including accident damage) this may also be a cost, some of the best companies offer an excess of £150 or so, no charge fee but others will charge for most repairs required to bring the vehicle up to the BVRLA standards (British Vehicle & Rental Leasing Association).
Consider the benefits of Vehicle Contract Hire
• Low initial payment
• Flexible rental pattern
• Fixed monthly costs which can include maintenance
• More capital available for your core business
• Off-balance sheet borrowing
• No depreciation risk
• No disposal problems
• VAT on rentals reclaimable (subject to use only 50% if private use)
• 100% VAT on Maintenance
• Administration & Management transferred to provider
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