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Contract Hire is particularly popular with Vat Registered Companies as at least 50% of the Vat can be reclaimed on every payment and funding can be kept off the balance sheet.

Contract Hire enables you to release the capital you would have spent on the outright purchase of a vehicle into your business and allows you to opt for a low deposit and the option to have an all inclusive monthly rental.

Contract hire gives you the peace of mind that at the end of the agreement you simply hand back the vehicle and take out a new one.

Basically the user takes no risks in ownership and has set monthly costs, and effectively pays just for the use of the vehicle.

Benefits

• Minimum capital expenditure
• Fixed monthly costs
• No problem of vehicle disposal
• Any make or model of vehicle
• Road Fund Licence included for the duration of the contract
• Option to include full maintenance and servicing
• Optional replacement vehicle cover in event of breakdown
• Off Balance sheet
• VAT recoverable on monthly rentals (50% if car has private usage. 100% if Business only)
• No risk of depreciation

For an explanation of Contract Hire and Personal Contract Hire, click here.

View our Special Offers

Company Details

Company Name

Trading As (If different)

Company Reg. Number

Address

Phone Number

Email Address

Owner/Tenant Since

If tenant, years left on lease

Date Established

No. of employees

VAT Number

Email Address

Bank Details

Bankers Name & Address

Time with bank

A/C Name

Sort Code

Total No of vehicles in fleet

No. Owned

No. Financed

Nature of Business

Name/s of existing Finance Companies

Personal Details

Name

Address

Your Position

Telephone

Date of Birth

Owner/Tennant

Type of Property

Vehicle Details

Make

Model

Annual Mileage

Lenght of Contract

24 Months36 Months48 Months

Extras