- Contract Hire
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The big benefit for your business?
A fixed monthly payment! And right now, more businesses than ever are realising the advantages of leasing
• VAT Efficient
• Tax Efficient
• Fixed Cost Funding
• Fixed Cost Maintenance
• Local Point of Contact
• Hassle Free, you just drive, insure and fuel.
Because buying costs money… Contract hire is protection from depreciation. You can also building maintenance and breakdown cover, road and tax much more. It’s the best way of funding vehicles for businesses who want to free their capital. Contract hire is also a great way to reduce costs associated with administration, servicing and vehicle disposal – just hand the vehicle back at the end of the term and order a brand new one!
Finance and Taxation Benefits
• Accurate monthly budgeting
• Off balance sheet
• Improved cash flow
• Minimum capital expenditure
• Protect your capital budgets
• Fixed interest rates
• Rentals allowable against taxable income, subject to the Co2 Implications
• VAT recoverable on monthly rentals*
• No depreciation risks as the responsibility for disposal of the vehicle rests with Fleet Financial. *50% of the VAT relating to the finance element is recoverable if car has private usage. 100% if business only. On contracts with maintenance the service element VAT is recoverable.
Vehicle Running Benefits
• No vehicle disposal risk
• Reduced administration
• Road Fund Licence provided for
the duration of the contract
• Optional maintenance package
• Replacement vehicle cover
in event of breakdown with
• Full accident management
Providing cars and light commercials to people in business.
Our service includes…
• All scheduled servicing as recommended by the vehicle manufacturer carried out at fully approved and authorised franchised servicing centres only.
• Select the servicing centre of your choice, providing flexibility and convenience through our on-line booking system, collection and delivery service is available (subject to terms).
• Annual Road Fund Licence for the contract term.
• Replacement Vehicle due to mechanical failure.
• 24 hr breakdown Assist Card – one number covers all.
• 24 hr Accident Management Card.
• Unlimited Replacement Tyres (under Fair Wear and Tear Policy) and FREE Puncture Repair (when tyre is repairable). The current legislation is a minimum tread depth 1.6mm.
• Drivers Handbook detailing policy and procedure for companies and drivers.
• MOT/PSV appointments and repairs.
• Dedicated Service Management Team.
• Review meetings – at your request – monthly, quarterly or half yearly.
• Dedicated Account Manager.
Fleet Financial Northern Ireland. Saving your business money.
Why Contract Hire