Contract Hire is designed for businesses requiring fixed monthly rentals with no risk of depreciation or disposal worries. You can include a wide range of additional options, leaving you free to concentrate on running your business. We recover VAT on the vehicle, resulting in lower rentals for Hendy Business customers.
Many businesses find that regular fixed monthly rentals help with budgeting, cash flow and forecasting, leaving your capital free for other purposes. Fleet management services can be offered, thus reducing your administration time and costs.
Features and Benefits
- Fixed rentals for the full contract period based on a set annual mileage which you determine.
- Repayment periods can be monthly, quarterly, half yearly or annually.
- Vehicle Excise Duty and Assistance included for the duration of the contract.
- Can include optional maintenance package.
- Rentals can be offset against taxable profits for maximum tax efficiency.
- All of the VAT paid on rentals is recoverable for commercial vehicles.
- 50% of the VAT paid on rentals is recoverable for cars where there is any private use of the vehicle.
- At the end of the contract, provided the terms of the agreement are fulfilled, simply return the vehicle to us.