Contract Hire:
- Cars and vans can be leased via Contract Hire for a pre-agreed period and mileage, after which they are handed back to the Contract Hire company.
- Rentals are determined by the cost of the vehicle, the period, the mileage covered, and the residual value set by the Contract Hire company
- Monthly rentals are subject to VAT
- Maintenance/breakdown cover can also be built in to the rentals if required.
- The vehicle does not show as an asset on the customer’s Balance Sheet