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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.

Mercedes-Benz S Class S400L Saloon
3.0 d 340 AMG Line Premium Plus 4Dr G-Tronic+ [Start Stop]
£944.50 + VAT monthly rental
£5667.00 + VAT initial rental
Business contract hire Mercedes-Benz S Class, Saloon
Business contract hire
Contract term: 24 months
Rental profile: 6 + 23
Annual mileage: 10000
3 litre Diesel Automatic
+ compare
Maserati Ghibli Saloon
3.0 V6 350 GranLusso 4Dr ZF [Start Stop]
£767.22 + VAT monthly rental
£2301.66 + VAT initial rental
Business contract hire Maserati Ghibli, Saloon
Business contract hire
Contract term: 48 months
Rental profile: 3 + 47
Annual mileage: 10000
3 litre Petrol Automatic
+ compare
Hyundai KONA SUV
1.0 T-GDi 120 Premium 5Dr Manual [Start Stop]
£255.00 + VAT monthly rental
£1530.00 + VAT initial rental
Business contract hire Hyundai KONA, SUV / 4x4
Business contract hire
Contract term: 18 months
Rental profile: 6 + 17
Annual mileage: 10000
1 litre Petrol Manual
+ compare
Ford C-MAX Grand MPV
1.0 T EcoBoost 125 Zetec 5Dr Manual [Start Stop]
£264.16 + VAT monthly rental
£1584.96 + VAT initial rental
Business contract hire Ford C-MAX, MPV
Business contract hire
Contract term: 48 months
Rental profile: 6 + 47
Annual mileage: 10000
1 litre Petrol Manual
+ compare
Honda Civic Hatch
1.6 i-DTEC 120 EX Tech 5Dr Manual [Start Stop]
£241.33 + VAT monthly rental
£1447.98 + VAT initial rental
Business contract hire Honda Civic, Hatchback
Business contract hire
Contract term: 48 months
Rental profile: 6 + 47
Annual mileage: 10000
1.6 litre Diesel Manual
+ compare
Mercedes-Benz GLA GLA200 SUV
2.1 d 136 Sport Premium Plus 5Dr 7G-DCT [Start Stop]
£414.70 + VAT monthly rental
£2488.20 + VAT initial rental
Business contract hire Mercedes-Benz GLA, SUV / 4x4
Business contract hire
Contract term: 24 months
Rental profile: 6 + 23
Annual mileage: 10000
2.1 litre Diesel Automatic
+ compare
Mercedes-Benz C Class C200 Saloon
1.6 d 160 SE 4Dr Manual [Start Stop]
£401.84 + VAT monthly rental
£2411.04 + VAT initial rental
Business contract hire Mercedes-Benz C Class, Saloon
Business contract hire
Contract term: 24 months
Rental profile: 6 + 23
Annual mileage: 10000
1.6 litre Diesel Manual
+ compare
Mercedes-Benz CLS CLS400 Coupe 4MATIC
3.0 d 340 AMG Line 4Dr G-Tronic [Start Stop]
£678.41 + VAT monthly rental
£4070.46 + VAT initial rental
Business contract hire Mercedes-Benz CLS, Saloon
Business contract hire
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 10000
2.9 litre Diesel Automatic
+ compare
Skoda Octavia Estate
1.0 TSi 115 SE 5Dr DSG [Start Stop]
£201.14 + VAT monthly rental
£1206.84 + VAT initial rental
Business contract hire Skoda Octavia, Estate
Business contract hire
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 10000
1 litre Petrol Automatic
+ compare
Volvo V40 Hatch
1.5 T3 152 Inscription 5Dr Auto [Start Stop]
£228.21 + VAT monthly rental
£1369.26 + VAT initial rental
Business contract hire Volvo V40, Hatchback
Business contract hire
Contract term: 48 months
Rental profile: 6 + 47
Annual mileage: 10000
1.5 litre Petrol Automatic
+ compare
Mercedes-Benz AMG GT AMG GT Roadster
4.0 V8 BiTurbo 557 C 2Dr SpdS DCT [Start Stop]
£1660.93 + VAT monthly rental
£9965.58 + VAT initial rental
Business contract hire Mercedes-Benz AMG GT, Cabriolet
Business contract hire
Contract term: 48 months
Rental profile: 6 + 47
Annual mileage: 10000
4 litre Petrol Automatic
+ compare
Kia Ceed Sportswagon
1.4 T-GDI 138 First Edition 5Dr DCT [Start Stop]
£248.93 + VAT monthly rental
£1493.58 + VAT initial rental
Business contract hire Kia Ceed, Estate
Business contract hire
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 10000
1.4 litre Petrol Automatic
+ compare
Dacia Logan MCV
0.9 TCe 90 Comfort 5Dr Manual [Start Stop]
£185.32 + VAT monthly rental
£1111.92 + VAT initial rental
Business contract hire Dacia Logan, Estate
Business contract hire
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 10000
0.9 litre Petrol Manual
+ compare
Peugeot 3008 SUV
1.5 BlueHDi 130 Allure 5Dr EAT8 [Start Stop]
£356.94 + VAT monthly rental
£1070.82 + VAT initial rental
Business contract hire Peugeot 3008, SUV / 4x4
Business contract hire
Contract term: 36 months
Rental profile: 3 + 35
Annual mileage: 10000
1.5 litre Diesel Automatic
+ compare
Ford Focus Estate
1.5 EcoBlue 120 Titanium X 5Dr Auto [Start Stop]
£306.99 + VAT monthly rental
£1841.94 + VAT initial rental
Business contract hire Ford Focus, Estate
Business contract hire
Contract term: 24 months
Rental profile: 6 + 23
Annual mileage: 10000
1.5 litre Diesel Automatic
+ compare
Honda Civic Hatch
1.5 VTEC Turbo 182 Prestige 5Dr CVT [Start Stop]
£315.83 + VAT monthly rental
£947.49 + VAT initial rental
Business contract hire Honda Civic, Hatchback
Business contract hire
Contract term: 36 months
Rental profile: 3 + 35
Annual mileage: 10000
1.5 litre Petrol Automatic
+ compare
Mercedes-Benz CLA AMG CLA45 ShootingBrake 4MATIC
2.0 381 AMG Night Edition Plus 5Dr SpdS DCT [Start Stop]
£488.50 + VAT monthly rental
£2931.00 + VAT initial rental
Business contract hire Mercedes-Benz CLA, Estate
Business contract hire
Contract term: 48 months
Rental profile: 6 + 47
Annual mileage: 10000
2 litre Petrol Automatic
+ compare
Kia Venga MPV
1.6 123 4 5Dr Auto
£215.86 + VAT monthly rental
£1295.16 + VAT initial rental
Business contract hire Kia Venga, MPV
Business contract hire
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 10000
1.6 litre Petrol Automatic
+ compare
Honda Civic Saloon
1.6 i-DTEC 120 SR 4Dr Manual [Start Stop]
£250.00 + VAT monthly rental
£1500.00 + VAT initial rental
Business contract hire Honda Civic, Saloon
Business contract hire
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 10000
1.6 litre Diesel Manual
+ compare
Volvo XC60 SUV AWD
2.0 D4 190 R DESIGN Pro 5Dr Manual [Start Stop]
£424.95 + VAT monthly rental
£1274.85 + VAT initial rental
Business contract hire Volvo XC60, SUV / 4x4
Business contract hire
Contract term: 48 months
Rental profile: 3 + 47
Annual mileage: 10000
2 litre Diesel Manual
+ compare
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