Contract Hire

This is an non ownership lease product primarily sought by vat registered businesses. Payments will attract VAT and at the end of the term the car is simply returned to the contract hire company with nothing to pay (subject to condition and mileage parameters.) The initial deposit can be very low with payments spread over a period of up to four years. It will be classed as on off balance sheet asset and a percentage of the VAT charged on the rentals and maintenance can be reclaimed. A full maintenance package including tyres, servicing and yearly road tax replacement can be included in the payments if requested.