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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.

Hyundai i30 Tourer
1.4 T-GDi 140 Premium 5Dr DCT [Start Stop]
£232.89 + VAT monthly rental
£1397.34 + VAT initial rental
Business contract hire Hyundai i30, Estate
Business contract hire
Contract term: 48 months
Rental profile: 6 + 47
Annual mileage: 10000
1.4 litre Petrol Automatic
+ compare
BMW X6 xDrive40 SUV
3.0 d 313 M Sport 5Dr Auto [Start Stop]
£538.03 + VAT monthly rental
£3228.18 + VAT initial rental
Business contract hire BMW X6, SUV / 4x4
This vehicle is in stock
Business contract hire
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 10000
3 litre Diesel Automatic
+ compare
Volvo V90 Estate AWD PiH
2.0 h T8 Twin Engine 10.4kWh 390 R DESIGN Pro 5Dr Auto [Start Stop]
£495.29 + VAT monthly rental
£2971.74 + VAT initial rental
Business contract hire Volvo V90, Estate
This vehicle has low CO2 emissions (Tax band B)
Business contract hire
Contract term: 48 months
Rental profile: 6 + 47
Annual mileage: 10000
2 litre Petrol/PlugIn Electric Hybrid Automatic
+ compare
Fiat Tipo Hatch
1.4 T-Jet 120 Easy + 5Dr Manual [Start Stop]
£248.93 + VAT monthly rental
£1493.58 + VAT initial rental
Business contract hire Fiat Tipo, Hatchback
Business contract hire
Contract term: 24 months
Rental profile: 6 + 23
Annual mileage: 10000
1.4 litre Petrol Manual
+ compare
Mazda CX-5 SUV
2.0 SKYACTIV-G 165 Sport Nav+ 5Dr Auto [Start Stop]
£370.00 + VAT monthly rental
£370.00 + VAT initial rental
Business contract hire Mazda CX-5, SUV / 4x4
Business contract hire
Contract term: 24 months
Rental profile: 1 + 23
Annual mileage: 10000
2 litre Petrol Automatic
+ compare
Nissan Micra Hatch
1.5 dCI 90 Acenta 5Dr Manual [Start Stop] [Exterior Plus]
£254.30 + VAT monthly rental
£1525.80 + VAT initial rental
Business contract hire Nissan Micra, Hatchback
Business contract hire
Contract term: 24 months
Rental profile: 6 + 23
Annual mileage: 10000
1.5 litre Diesel Manual
+ compare
Honda CR-V SUV
1.5 i-VTEC Turbo 173 SE 5Dr Manual [Start Stop]
£272.33 + VAT monthly rental
£816.99 + VAT initial rental
Business contract hire Honda CR-V, SUV / 4x4
This vehicle is in stock
Business contract hire
Contract term: 48 months
Rental profile: 3 + 47
Annual mileage: 10000
1.5 litre Petrol Manual
+ compare
Lexus IS 300 Saloon
2.5 h 223 IS 4Dr E-CVT [Start Stop] [Comfort]
£384.24 + VAT monthly rental
£1152.72 + VAT initial rental
Business contract hire Lexus IS, Saloon
Business contract hire
Contract term: 24 months
Rental profile: 3 + 23
Annual mileage: 10000
Petrol/Electric Hybrid Automatic
+ compare
Volvo V40 Cross Country
2.0 D3 150 5Dr Auto [Start Stop]
£259.95 + VAT monthly rental
£779.85 + VAT initial rental
Business contract hire Volvo V40, Hatchback
This vehicle is in stock
Business contract hire
Contract term: 36 months
Rental profile: 3 + 35
Annual mileage: 10000
2 litre Diesel Automatic
+ compare
Hyundai Santa Fe SUV 2WD
2.2 CRDi 200 Premium 5Dr Auto [Start Stop] [7Seat]
£364.00 + VAT monthly rental
£2184.00 + VAT initial rental
Business contract hire Hyundai Santa Fe, SUV / 4x4
This vehicle is in stock
Business contract hire
Contract term: 48 months
Rental profile: 6 + 47
Annual mileage: 10000
2.2 litre Diesel Automatic
+ compare
BMW 5 Series 540 xDrive Saloon
3.0 i 340 M Sport 4Dr Auto [Start Stop]
£574.85 + VAT monthly rental
£1724.55 + VAT initial rental
Business contract hire BMW 5 Series, Saloon
Business contract hire
Contract term: 36 months
Rental profile: 3 + 35
Annual mileage: 10000
3 litre Petrol Automatic
+ compare
Vauxhall Crossland X SUV
1.2 Turbo ecoTEC 110 SE 5Dr Manual [Start Stop]
£248.00 + VAT monthly rental
£744.00 + VAT initial rental
Business contract hire Vauxhall Crossland X, SUV / 4x4
Business contract hire
Contract term: 36 months
Rental profile: 3 + 35
Annual mileage: 10000
1.2 litre Petrol Manual
+ compare
Skoda Karoq SUV 4wd
2.0 TDi 190 SportLine 5Dr DSG [Start Stop]
£459.09 + VAT monthly rental
£1377.27 + VAT initial rental
Business contract hire Skoda Karoq, SUV / 4x4
Business contract hire
Contract term: 36 months
Rental profile: 3 + 35
Annual mileage: 10000
2 litre Diesel Automatic
+ compare
Kia Ceed Hatch
1.6 CRDi 114 2 5Dr Manual [Start Stop]
£193.76 + VAT monthly rental
£1162.56 + VAT initial rental
Business contract hire Kia Ceed, Hatchback
Business contract hire
Contract term: 24 months
Rental profile: 6 + 23
Annual mileage: 10000
1.6 litre Diesel Manual
+ compare
Lexus RC 300h Coupe
2.5 h 223 F-Sport 2Dr E-CVT [Start Stop]
£492.52 + VAT monthly rental
£1477.56 + VAT initial rental
Business contract hire Lexus RC, Coupe
Business contract hire
Contract term: 36 months
Rental profile: 3 + 35
Annual mileage: 10000
2.5 litre Petrol/Electric Hybrid Automatic
+ compare
Kia Niro SUV
1.6 h GDi 139 2 5Dr DCT [Start Stop]
£194.49 + VAT monthly rental
£1166.94 + VAT initial rental
Business contract hire Kia Niro, SUV / 4x4
Business contract hire
Contract term: 48 months
Rental profile: 6 + 47
Annual mileage: 10000
1.6 litre Petrol/Electric Hybrid Automatic
+ compare
Land Rover Range Rover Sport SUV
3.0 SD V6 306 Autobiography Dynamic 5Dr Auto [Start Stop] [5Seat]
£1009.92 + VAT monthly rental
£6059.52 + VAT initial rental
Business contract hire Land Rover Range Rover Sport, SUV / 4x4
Business contract hire
Contract term: 36 months
Rental profile: 6 + 35
Annual mileage: 10000
3 litre Diesel Automatic
+ compare
MINI Convertible II Cooper
1.5 136 Exclusive 2Dr Manual [Start Stop] [Comfort]
£337.22 + VAT monthly rental
£1011.66 + VAT initial rental
Business contract hire MINI Convertible, Cabriolet
Business contract hire
Contract term: 36 months
Rental profile: 3 + 35
Annual mileage: 10000
1.5 litre Petrol Manual
+ compare
DS DS 7 Crossback SUV
1.6 PureTech 225 Performance Line 5Dr EAT8 [Start Stop]
£332.91 + VAT monthly rental
£998.73 + VAT initial rental
Business contract hire DS DS 7, SUV / 4x4
Business contract hire
Contract term: 48 months
Rental profile: 3 + 47
Annual mileage: 10000
1.6 litre Petrol Automatic
+ compare
Volkswagen Sharan MPV
2.0 TDI 150 S 5Dr Manual [Start Stop]
£435.55 + VAT monthly rental
£1306.65 + VAT initial rental
Business contract hire Volkswagen Sharan, MPV
Business contract hire
Contract term: 36 months
Rental profile: 3 + 35
Annual mileage: 10000
2 litre Diesel Manual
+ compare
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