How Contract Hire Works Video

Contract Hire in a step-by-step video guide.

Description

Contract Hire is for businesses; simply put, the company rents the vehicle for a period of 1 to 4 years – up to 5 years for a van.

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About

  • VAT Registered businesses can offset 50% of the VAT on a car, making significant savings
  • 100% of the rental can be offset against tax on a van
  • Road tax is generally included, saving time and money
  • No disposal risks at the end of the agreement
  • Some finance houses will let you buy the car at the end
  • The finance commitments are "off balance sheet" so the finance liability is not with the company
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