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FAQ's - Vehicle Finance Questions Answered

Q:

What are the benefits of contract hire ?

A:

  • High percentage of monthly rentals can be offset against tax.
  • Off the balance sheet funding, no depreciating asset on the books.
  • 50 % of VAT can be reclaimed on monthly rentals.
  • 100 % of VAT can be reclaimed on the maintenance rental.
  • Fixed monthly costs, easy to budget.
  • No disposal risks at the end of the contract period.


Q:


Are there any annual mileage restrictions?

A:

Mileages up to 40,000 per annum are available but as with all contract hire agreements, this is defined at the time of acceptance.


Q:


Am I limited to the make and model of vehicle?

A:

Status contract hire applicants are not limited - all makes and models of vehicles are available.

Non status contract hire and personal lease hire applications are assessed on an individual basis.


Q:


I am not a business, can I still contract hire a vehicle?

A:

Yes, personal contract hire is available.
 

Contract Hire | Contract Purchase & Fleet Lease Management

 

See Also ... Other MUST HAVE Vehicle Add-Onssee also

Breakdown Cover | Vehicle Recovery & Assistance
Motor Insurance
Vehicle Warranties
Car Finance & Guaranteed Vehicle Credit
Fast PayDay Loans

 
 
 

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