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Contract Hire

Contract hire is the most popular method of acquiring fleet vehicles. In simple terms, it is the long-term hire of a vehicle either with or without maintenance, for an agreed period and mileage at a fixed monthly cost. When your contracted period comes to an end you return your vehicle to us, avoiding cost impact of fluctuating residual values. Contract Hire is treated as being off balance sheet for accounting purposes.

Why Choose Contract Hire?

  • Off balance sheet funding
  • VAT efficient
  • Fixed costs for the contract period
  • Removes uncertainty of residual value fluctuations
  • Takes advantage of Automotives purchasing power
  • Reduced administration
  • Detailed reporting is provided
  • Available with or without maintenance
  • Support services are available including fuel cards, accident management, and full roadside assistance

 

 

 

 

 

 

 

 

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