Personal Contract Hire Explained
Minimal deposit – typically three monthly rentals but as low as one payment.
Arrange fixed repayments to assist with your cash-flow and budgeting.
Your rentals are 100% taxable against profits.
Additional line of credit for your business.
No part exchange or disposal issues – the vehicle is returned at the end of the agreement.
Road Fund Licence is included for the term of the agreement.
Optional maintenance and servicing packages (at additional cost).
Fixed maintenance package to include services, repairs, tyres, dependant on contract type
At the end of the contract, simply hand the vehicle back
The vehicle is subject to an inspection, where any reconditioning costs are charged to the customer - ideal for VAT registered larger fleets
Service, Maintenance and Repair
A maintenance plan that can be included with your Contract Hire agreement for a fixed monthly fee*.
This fee covers your vehicle for:
Routine servicing, maintenance and repairs.
Tyre repair and replacement.~
MOTs (where applicable).
VAT registered businesses may be able to recover the VAT charged on service, maintenance and repair.
* Subject to fair wear and tear
~ Upgrades and winter tyres excluded