Companies of all shapes and sizes find themselves needing to purchase and manage vehicles as a consequence of their mainstream business activity. Evaluating the most of appropriate funding method is a complex and time consuming process which demands a degree of specialist knowledge.
Contract Hire has never been more popular. Today, Contract Hire in the UK is responsible for over 40% of the UK's Company Cars, this has risen from just 5% of Company Cars acquired through contract hire in 1980. With more and more companies now aware of the benefits provided by these products, leasing has become a major growth area.
Many businesses prefer Contract Hire through the many cost benefits associated with this method of finance, for example:
Various VAT benefits and savings
The benefit of a single agreed monthly payment
Capital not tied to purchase of a company vehicle can be better used elsewhere in the business.
Our forum and chatroom are a place for you to talk to other people who are looking at, or are currently leasing a vehicle so you can find out any benifits or pitfalls of leasing.
Once you are happy and would like a personal quote please visit our quote page and request a quote from our suppiers.
Contract Hire and Car Leasing UK for company vehicles and special offers.
www.1st4contracthire.co.uk/
All Business Contract Hire pricing shown is exclusive of Vat @ 17.5% and with 3 payments in advance. All Personal Contract Hire pricing shown is inclusive of Vat @ 17.5% and with 3 payments in advance. Different terms, mileages & contracts are available upon request. Contract Hire and all other methods of funding are subject to status, guarantees may be required.
A popular choice for VAT registered companies who want minimum outlay and maximum control of costs, especially when the maintenance and relief vehicle options are included. With this VAT beneficial financing package, one regular rental payment covers all risks including costs of depreciation and disposal for an agreed period of time and mileage. Road fund licence is included, but roadside rescue, maintenance and relief vehicle provisions are options that can be added and charged to the rental payment.
Finance Lease
Ideal for VAT registered companies who want to handle the administration of their vehicles, and have the asset shown on their balance sheet. A VAT beneficial option where the hirer can choose to pay the entire cost over the agreed lease period, plus an interest charge, or pay lower monthly rentals during the lease period with a final payment based on the anticipated resale value of the vehicle.
Contract Purchase
For companies with high value cars who would like the option to purchase the vehicles, but don't want any depreciation risks. The customer acquires the vehicle by paying fixed monthly instalments with the asset being shown on the company balance sheet, and can either retain ownership at the end of the contract or hand the vehicle back. Contract Purchase has the added benefits of savings on maintenance and relief vehicles, and comes with a full Dial rescue breakdown cover and road fund licence.
Purchase and Leaseback
For companies wishing to retain the use of their vehicles, yet generate capital from their sale, whilst transferring to a VAT beneficial funding method. If a company currently owns its vehicles, this option means Network will purchase the vehicles for an agreed price and lease them back using either Contract Hire or Finance Lease.
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