Why you should consider Contract Hire for your business fleet.

When it comes to managing a fleet of vehicles for your business, there are several options available. One of the most popular choices is contract hire. But is it right for you?

What is Contract Hire?

Contract hire is a type of vehicle leasing where a business rents vehicles for a fixed period of time. The rental fee includes maintenance, road tax, and breakdown cover, and at the end of the agreement, the vehicles are returned to the leasing company.

Why Choose Contract Hire?

There are several benefits to choosing contract hire over other options such as buying vehicles outright or using hire purchase agreements.

Here are some of the key advantages:

Lower Initial Costs

With contract hire, you don't need to make a large upfront payment to purchase the vehicles. Instead, you only need to pay the first rental payment and a refundable deposit. This can free up cash flow for your business and allow you to invest in other areas.

Predictable Monthly Costs

Contract hire provides predictable monthly costs, making it easier to budget for your business expenses. The rental fee includes maintenance and breakdown cover, which means you don't have to worry about unexpected repair costs.

Hassle-Free Fleet Management

When you choose contract hire, the leasing company takes care of all the paperwork and administration associated with managing your fleet. This frees up time for you to focus on other aspects of your business.

Up-to-Date Vehicles

With contract hire, you have the option to upgrade your vehicles every few years. This means you can always have the latest models with the newest technology and safety features, which can help improve your business's image.

Tax Benefits

Contract hire can offer tax benefits for your business. The rental payments are tax-deductible, and you can also claim back the VAT on the rental fees.

With lower initial costs, predictable monthly payments, hassle-free fleet management, up-to-date vehicles, and tax benefits, it's easy to see why more and more businesses are choosing this option.

If you're considering purchasing new cars for your business or need help managing your fleet, contact us today to learn more about our contract hire options and how we can help your business.