Contract Hire
Contract hire is ideal if your business prefers to hire rather than own. Quite simply, a monthly rental is paid in return for the vehicle. As contract hire is classified as an operating lease for current taxation purposes, it is regarded differently to 'purchase' contracts so that you may benefit from certain tax advantages.
- Choose a rental period over one, two, three or four years
- No worries about selling the car at the end of the agreement
- No worries about the car’s future value
- If you are a VAT registered business then a proportion of the rentals may be tax deductible