Contract Hire

Traditional form of leasing for businesses who are VAT registered and require off balance sheet funding due to operating lease status which improves company gearing, cash flow and budgeting.

Key Features & Benefits

  • Accurate monthly budgeting
  • Finance company takes all the risk of vehicle ownership (depreciation, maintenance, residual value)
  • Off balance sheet funding as vehicle is owned by finance company
  • Flexible contract term & mileage
  • VAT recoverable on monthly rentals

Key Benefits

  • Low Capital outlay
  • Improved Cash Flow
  • Improved gearing due to off balance sheet
  • No risk on resale
  • Reduced administration on sourcing, maintaining & sale