Contract Hire is available to Sole Traders, Partnerships and Ltd Companies.
Contract Hire is simply an agreement where, as a business, you pay a rental fee
in return for the use of the vehicle. The rental is for a set time and mileage at
a fixed monthly rate. Optional servicing and maintenance can be included so the
customer need never worry about any unexpected servicing or maintenance costs.
Benefits include:
Accurate Budgeting
Minimum Capital Expenditure
No Depreciation Risks
Fixed Interest Rates
Rentals Allowable against Taxable Income
V.A.T Recoverable on Monthly Rentals (See note)
Road Fund Licence Provided for Duration of Contract
Optional Maintenance Package
Off Balance Sheet Funding
Improved Cash Flow
Reduced Administration
Note If the business is VAT registered then 100% of the VAT on
these rentals may be recoverable, if the vehicle is only used for business purposes. If there is
some private use of the vehicle, then 50% may still be recoverable. On Contracts with Maintenance
the Service element V.A.T is Recoverable
Hythe Road (off Scrubs Lane), London NW10 6RJ Open late Monday-Friday 10am-10pm. Saturday 9am-7pm. Sunday & Bank Holidays 10am-7pm.
DISCLAIMER: Whilst every effort has been made to ensure the accuracy of information on this site, some errors may occur. It is important that you do not rely solely on this information but check with cargiant about any terms you feel will affect your decision to purchase a car. No liability is acceptable for loss or damage resulting from errors or omission on this web site.
