Business Contract Hire

This is a frequent and popular choice for companies wishing to remove assets from their balance sheet, eliminate the risk associated with disposing of their vehicles at the end of their working period, as well as having the option of full maintenance service all at a fixed monthly cost.

Contract Hire also enables companies to reclaim 100% of the VAT on the servicing element of the rental cost, and 50% of the VAT on the finance rental cost.

Under Contract Hire, the customer is never entitled to purchase the vehicle it must be sold to an unconnected third party at the end of the contract.