Business Contract Hire is commonly referred to as vehicle lease and allows businesses a fixed payment method for the use of a vehicle for a term of normally between 12-48 months. The payments attract VAT of which for cars 50% and for commercial vehicles 100% of the finance element is reclaimable, 100% of the VAT for any maintenance payment is reclaimable. The rental payments are also classed as a true business expense so can be wholly offset against corporation tax. The benefits are fixed monthly payments with no disposal risk but reasonable care has to be taken of the vehicle and also there is an obligation to remain under the stated mileage at the contract inception or the finance company will levy a charge for loss of value.
* At Cars And Vansdirect we work with Manufacturers, Dealer Groups and the key finance partners to bring you some of the most competitive leasing deals available. We can include your maintenance in the rentals, and provide you with insurance through our trusted partners. We can also provide cars on PCP, HP and finance lease packages as well as contract hire and PCH. Our friendly professional leasing consultants are here to help you through every step, from your first enquiry through to arranging your delivery. You can drive a new car for less than you think! All vehicle images and car descriptions on this site are for illustration and reference purposes only and are not necessarily an accurate representation of the vehicle on offer.
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Cars And Vans Direct
Cars And Vans Direct are a credit broker and not a lender, we are authorised and regulated by the Financial Conduct Authority. Registered No : 690205
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