Business Contract Hire

The finance company reclaims the VAT on the car you drive and this saving is passed on to you with reduced rentals. There are other tax efficiencies available.

How does it work?

  • Choose the new car you like
  • Choose the most suitable hire period, usually between 24 and 48 months
  • Agree on your annual mileage
  • Agree the rentals most suitable for your budget
  • At the end of the agreement simply hand the car back

What are the benefits?

  • If VAT registered, your business could claim up to 50% of the VAT on monthly rentals and 100% VAT on the maintenance rental
  • Optional maintenance contract, so no surprise bills
  • A proportion of your rental payments allowable against tax
  • Reduced initial outlay improves the cash flow of your business
  • No hassle in selling the vehicle at the end of the contract