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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.

Dacia Sandero Stepway
1.5 dCi 90 Laureate 5Dr Manual [Start Stop]
£258.01 + VAT monthly rental
£774.03 + VAT initial rental
Business contract hire Dacia Sandero, Hatchback
Business contract hire
Contract term: 24 months
Rental profile: 3 + 23
Annual mileage: 10000
Diesel Manual
+ compare
SEAT Ibiza Hatch
1.0 MPI 75 SE Technology 5Dr Manual [Start Stop]
£167.99 + VAT monthly rental
£1007.94 + VAT initial rental
Business contract hire SEAT Ibiza, Hatchback
Business contract hire
Contract term: 24 months
Rental profile: 6 + 23
Annual mileage: 10000
1 litre Petrol Manual
+ compare
BMW 6 Series 630 Gran Turismo
2.0 i 258 M Sport 5Dr Auto [Start Stop]
£421.43 + VAT monthly rental
£1264.29 + VAT initial rental
Business contract hire BMW 6 Series, Hatchback
Business contract hire
Contract term: 36 months
Rental profile: 3 + 35
Annual mileage: 10000
2 litre Petrol Automatic
+ compare
Volvo XC40 SUV AWD
2.0 D3 150 R DESIGN 5Dr Auto [Start Stop]
£425.93 + VAT monthly rental
£2555.58 + VAT initial rental
Business contract hire Volvo XC40, 4x4
Business contract hire
Contract term: 24 months
Rental profile: 6 + 23
Annual mileage: 10000
2 litre Diesel Automatic
+ compare
Volkswagen Arteon Fastback
1.5 TSI 150 R Line 5Dr Manual [Start Stop]
£245.09 + VAT monthly rental
£1470.54 + VAT initial rental
Business contract hire Volkswagen Arteon, Hatchback
This vehicle is in stock
Business contract hire
Contract term: 48 months
Rental profile: 6 + 47
Annual mileage: 10000
1.5 litre Petrol Manual
+ compare
Mazda Mazda2 Hatch
1.5 SKYACTIV-G 90 SE-L Nav+ 5Dr Auto [Start Stop]
£221.12 + VAT monthly rental
£663.36 + VAT initial rental
Business contract hire Mazda Mazda2, Hatchback
Business contract hire
Contract term: 24 months
Rental profile: 3 + 23
Annual mileage: 10000
1.5 litre Petrol Automatic
+ compare
Hyundai Tucson SUV
1.6 GDi Blue Drive 132 S 5Dr Manual [Start Stop]
£215.00 + VAT monthly rental
£1290.00 + VAT initial rental
Business contract hire Hyundai Tucson, 4x4
This vehicle is in stock
Business contract hire
Contract term: 24 months
Rental profile: 6 + 23
Annual mileage: 12000
1.6 litre Petrol Manual
+ compare
Ford C-MAX Grand MPV
1.0 T EcoBoost 125 Titanium 5Dr Manual [Start Stop]
£279.73 + VAT monthly rental
£1678.38 + VAT initial rental
Business contract hire Ford C-MAX, MPV
Business contract hire
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 10000
Petrol Manual
+ compare
Skoda Superb Estate
2.0 TDi 150 Laurin + Klement 5Dr DSG [Start Stop]
£319.32 + VAT monthly rental
£1915.92 + VAT initial rental
Business contract hire Skoda Superb, Estate
Business contract hire
Contract term: 24 months
Rental profile: 6 + 23
Annual mileage: 10000
Diesel Automatic
+ compare
Peugeot 3008 SUV
1.2 PureTech 130 GT Line Premium 5Dr Manual [Start Stop]
£243.19 + VAT monthly rental
£1459.14 + VAT initial rental
Business contract hire Peugeot 3008, 4x4
Business contract hire
Contract term: 24 months
Rental profile: 6 + 23
Annual mileage: 10000
1.2 litre Petrol Manual
+ compare
Vauxhall Astra Sports Tourer
1.6 CDTi 136 SRi 5Dr Auto
£325.15 + VAT monthly rental
£975.45 + VAT initial rental
Business contract hire Vauxhall Astra, Estate
Business contract hire
Contract term: 36 months
Rental profile: 3 + 35
Annual mileage: 10000
1.6 litre Diesel Automatic
+ compare
Ford C-MAX MPV
1.0 T EcoBoost 125 Titanium X 5Dr Manual [Start Stop] [Nav]
£280.30 + VAT monthly rental
£1681.80 + VAT initial rental
Business contract hire Ford C-MAX, MPV
Business contract hire
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 10000
Petrol Manual
+ compare
Volvo V40 Hatch
2.0 D2 120 Inscription 5Dr Auto [Start Stop]
£246.13 + VAT monthly rental
£1476.78 + VAT initial rental
Business contract hire Volvo V40, Hatchback
Business contract hire
Contract term: 48 months
Rental profile: 6 + 47
Annual mileage: 10000
2 litre Diesel Automatic
+ compare
BMW X2 xDrive20 SUV
2.0 d 190 M Sport 5Dr Auto [Start Stop]
£385.43 + VAT monthly rental
£385.43 + VAT initial rental
Business contract hire BMW X2, 4x4
Business contract hire
Contract term: 36 months
Rental profile: 1 + 35
Annual mileage: 12000
2 litre Diesel Automatic
+ compare
Nissan Micra Hatch
0.9 IG-T 90 Tekna 5Dr Manual [Start Stop] [Leather]
£205.21 + VAT monthly rental
£1231.26 + VAT initial rental
Business contract hire Nissan Micra, Hatchback
Business contract hire
Contract term: 48 months
Rental profile: 6 + 47
Annual mileage: 10000
0.9 litre Petrol Manual
+ compare
Hyundai i30 Tourer
1.6 CRDi 110 Premium SE 5Dr Manual [Start Stop]
£312.00 + VAT monthly rental
£1872.00 + VAT initial rental
Business contract hire Hyundai i30, Estate
Business contract hire
Contract term: 24 months
Rental profile: 6 + 23
Annual mileage: 10000
1.6 litre Diesel Manual
+ compare
Jaguar F-PACE SUV
2.0 d 180 R-Sport 5Dr Auto [Start Stop]
£430.62 + VAT monthly rental
£1291.86 + VAT initial rental
Business contract hire Jaguar F-PACE, 4x4
Business contract hire
Contract term: 36 months
Rental profile: 3 + 35
Annual mileage: 10000
Diesel Automatic
+ compare
Volvo XC90 SUV PiH
2.0 h T8 Twin Engine 10.4kWh 390 Inscription Pro 5Dr Auto [Start Stop]
£722.52 + VAT monthly rental
£2167.56 + VAT initial rental
Business contract hire Volvo XC90, 4x4
This vehicle has low CO2 emissions (Tax band C)
Business contract hire
Contract term: 36 months
Rental profile: 3 + 35
Annual mileage: 10000
2 litre Petrol/PlugIn Electric Hybrid Automatic
+ compare
Skoda Superb Estate
2.0 TDi 190 SE L Executive 5Dr DSG [Start Stop]
£320.52 + VAT monthly rental
£1923.12 + VAT initial rental
Business contract hire Skoda Superb, Estate
Business contract hire
Contract term: 24 months
Rental profile: 6 + 23
Annual mileage: 10000
2 litre Diesel Automatic
+ compare
Peugeot 2008 SUV
1.2 PureTech 82 Allure Premium 5Dr Manual
£209.99 + VAT monthly rental
£209.99 + VAT initial rental
Business contract hire Peugeot 2008, 4x4
Business contract hire
Contract term: 48 months
Rental profile: 1 + 47
Annual mileage: 10000
1.2 litre Petrol Manual
+ compare
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