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Business Contract Hire

A simple and cost effective way to fund any number of vehicles

Contract Hire, sometimes referred to as an Operating Lease, is a long term rental agreement. Contracts range from 12 to 60 months and are tailored to the businesses requirements.

Advantages:

  • Minimum capital expenditure
  • Accurate monthly budgeting
  • Improved cash flow
  • Fixed interest rates
  • Rentals can be offset against the businesses profits. Cars with a CO2 output above 130g/km are currently subject to a 15% disallowance on the amount of the rental that can be claimed against the businesses taxation, for contract-hired cars with a CO2 output of 130g/km or below, there is currently no disallowance.
  • Reduced administration
  • On-going advice and support
  • Road Fund Licence provided (vehicle excise duty paid) for duration of contract
  • Optional maintenance package
  • Optional breakdown rescue cover
  • Optional replacement vehicle cover in event of breakdown
  • Optional GAP insurance which provides cover for the shortfall between the outstanding finance and the insurance value if the vehicle is declared a write-off by your insurance company

Disadvantages:

  • Early termination can be expensive
  • If you do more miles than stated in your contract you will be charged excess mileage for each mile over that stated in your contract
  • You must look after the vehicle and return it in a well maintained condition otherwise you will be charged for any damage over and above that stated in the 'Fair Wear and Tear Guide'
  • You must have fully comprehensive vehicle insurance
  • You will never own the vehicle as there is no option to buy it

More Information on Business Contract Hire:

The Contract Hire Company reclaims the VAT on the original purchase, which reduces your monthly rentals (which are + VAT). Contract Hire is a very popular choice for VAT registered companies as they can claim back 50% of the VAT on the finance element for cars and generally 100% for commercials (subject to no private use, no exempt turnover and not being on the Flat Rate VAT Scheme).

On contracts with maintenance the VAT on the service element is 100% recoverable. One of the major benefits is that there are no disposal worries as the future value is underwritten by the leasing company. Another benefit of Contract Hire is that it is generally 'off balance sheet funding' (subject to legislation change) which means it can improve your gearing ratio (assets to borrowing ratio) and therefore possibly your borrowing ability in the future.

Kia Stonic SUV
1.0 T-GDi 118 4 5Dr Manual [Start Stop]
£243.72 + VAT monthly rental
£1462.32 + VAT initial rental
Business contract hire Kia Stonic, SUV / 4x4
Business contract hire
Contract term: 24 months
Rental profile: 6 + 23
Annual mileage: 10000
1 litre Petrol Manual
+ compare
Mazda CX-5 SUV
2.0 SKYACTIV-G 165 SE-L Nav+ 5Dr Manual [Start Stop]
£233.47 + VAT monthly rental
£1400.82 + VAT initial rental
Business contract hire Mazda CX-5, SUV / 4x4
This vehicle is in stock
Business contract hire
Contract term: 48 months
Rental profile: 6 + 47
Annual mileage: 10000
2 litre Petrol Manual
+ compare
Honda Civic Hatch
1.6 i-DTEC 120 SR 5Dr Manual [Start Stop]
£210.67 + VAT monthly rental
£632.01 + VAT initial rental
Business contract hire Honda Civic, Hatchback
Business contract hire
Contract term: 48 months
Rental profile: 3 + 47
Annual mileage: 10000
1.6 litre Diesel Manual
+ compare
Skoda Octavia Hatch
2.0 TDi 150 SE Technology 5Dr Manual [Start Stop]
£189.51 + VAT monthly rental
£1137.06 + VAT initial rental
Business contract hire Skoda Octavia, Hatchback
Business contract hire
Contract term: 24 months
Rental profile: 6 + 23
Annual mileage: 10000
2 litre Diesel Manual
+ compare
Hyundai i20 Hatch
1.0 T-GDi 100 Premium Nav 5Dr DCT [Start Stop]
£259.60 + VAT monthly rental
£778.80 + VAT initial rental
Business contract hire Hyundai i20, Hatchback
Business contract hire
Contract term: 36 months
Rental profile: 3 + 35
Annual mileage: 10000
1 litre Petrol Automatic
+ compare
Volvo XC40 SUV AWD
2.0 D3 150 Inscription Pro 5Dr Auto [Start Stop]
£371.83 + VAT monthly rental
£1115.49 + VAT initial rental
Business contract hire Volvo XC40, SUV / 4x4
Business contract hire
Contract term: 48 months
Rental profile: 3 + 47
Annual mileage: 10000
2 litre Diesel Automatic
+ compare
Porsche 718 Boxster Convertible
2.5 T 350 S 2Dr Manual [Start Stop]
£878.49 + VAT monthly rental
£2635.47 + VAT initial rental
Business contract hire Porsche 718, Cabriolet
Business contract hire
Contract term: 36 months
Rental profile: 3 + 35
Annual mileage: 10000
2.5 litre Petrol Manual
+ compare
Kia Stonic SUV
1.4 98 2 5Dr Manual [Start Stop] [ADAP]
£177.13 + VAT monthly rental
£1062.78 + VAT initial rental
Business contract hire Kia Stonic, SUV / 4x4
Business contract hire
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 10000
Petrol Manual
+ compare
BMW 5 Series 530 Saloon
2.0 e PHEV 9.2kWh 252 M Sport 4Dr Auto [Start Stop]
£476.05 + VAT monthly rental
£1428.15 + VAT initial rental
Business contract hire BMW 5 Series, Saloon
This vehicle has low CO2 emissions (Tax band B)
Business contract hire
Contract term: 48 months
Rental profile: 3 + 47
Annual mileage: 10000
2 litre Petrol/PlugIn Electric Hybrid Automatic
+ compare
Skoda Kodiaq SUV
1.5 TSi ACT 150 SE 5Dr Manual [Start Stop] [7Seat]
£260.15 + VAT monthly rental
£1560.90 + VAT initial rental
Business contract hire Skoda Kodiaq, SUV / 4x4
Business contract hire
Contract term: 48 months
Rental profile: 6 + 47
Annual mileage: 10000
1.5 litre Petrol Manual
+ compare
Skoda Octavia Estate
2.0 TDi 150 SE L 5Dr Manual [Start Stop]
£252.14 + VAT monthly rental
£1512.84 + VAT initial rental
Business contract hire Skoda Octavia, Estate
Business contract hire
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 10000
2 litre Diesel Manual
+ compare
Renault Megane Sport Tourer
1.5 Blue dCi 115 GT Line 5Dr EDC [Start Stop]
£267.76 + VAT monthly rental
£1606.56 + VAT initial rental
Business contract hire Renault Megane, Estate
Business contract hire
Contract term: 48 months
Rental profile: 6 + 47
Annual mileage: 10000
1.5 litre Diesel Automatic
+ compare
Volvo XC60 SUV AWD
2.0 T5 250 Inscription Pro 5Dr Auto [Start Stop]
£495.47 + VAT monthly rental
£1486.41 + VAT initial rental
Business contract hire Volvo XC60, SUV / 4x4
Business contract hire
Contract term: 36 months
Rental profile: 3 + 35
Annual mileage: 10000
2 litre Petrol Automatic
+ compare
Suzuki S-Cross SUV ALLGRIP
1.0 Boosterjet 111 SZ-T 5Dr Manual [Start Stop]
£271.67 + VAT monthly rental
£815.01 + VAT initial rental
Business contract hire Suzuki S-Cross, SUV / 4x4
Business contract hire
Contract term: 36 months
Rental profile: 3 + 35
Annual mileage: 10000
1 litre Petrol Manual
+ compare
Suzuki Jimny SUV ALLGRIP
1.5 101 SZ4 3Dr Manual
£196.73 + VAT monthly rental
£1180.38 + VAT initial rental
Business contract hire Suzuki Jimny, SUV / 4x4
Business contract hire
Contract term: 48 months
Rental profile: 6 + 47
Annual mileage: 10000
1.5 litre Petrol Manual
+ compare
Renault Clio Hatch
0.9 TCe 75 Iconic 5Dr Manual [Start Stop]
£157.94 + VAT monthly rental
£947.64 + VAT initial rental
Business contract hire Renault Clio, Hatchback
Business contract hire
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 10000
0.9 litre Petrol Manual
+ compare
BMW 1 Series 118 Hatch
1.5 i 136 M Sport Shadow Edition 5Dr Auto [Start Stop]
£274.00 + VAT monthly rental
£1644.00 + VAT initial rental
Business contract hire BMW 1 Series, Hatchback
Business contract hire
Contract term: 24 months
Rental profile: 6 + 23
Annual mileage: 10000
1.5 litre Petrol Automatic
+ compare
Volvo V60 Estate
2.0 D4 190 Momentum Pro 5Dr Manual [Start Stop]
£338.62 + VAT monthly rental
£1015.86 + VAT initial rental
Business contract hire Volvo V60, Estate
This vehicle is in stock
Business contract hire
Contract term: 36 months
Rental profile: 3 + 35
Annual mileage: 10000
2 litre Diesel Manual
+ compare
Volvo V90 Estate
2.0 T5 250 R DESIGN Plus 5Dr Auto [Start Stop]
£346.33 + VAT monthly rental
£2077.98 + VAT initial rental
Business contract hire Volvo V90, Estate
Business contract hire
Contract term: 48 months
Rental profile: 6 + 47
Annual mileage: 10000
2 litre Petrol Automatic
+ compare
Hyundai i10 Hatch
1.0 67 SE 5Dr Manual
£141.00 + VAT monthly rental
£423.00 + VAT initial rental
Business contract hire Hyundai i10, Hatchback
Business contract hire
Contract term: 48 months
Rental profile: 3 + 47
Annual mileage: 10000
1 litre Petrol Manual
+ compare
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