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.
* We offer the best UK Leasing Deals and contract hire for Audi Leasing, BMW Leasing, Ford leasing, Honda Leasing, Jaguar Leasing, Land Rover Leasing, Mercedes Benz leasing, Volkswagen Leasing In Shropshire, Car Leasing in Staffordshire car leasing in Cheshire car leasing in Oxfordshire car leasing in Hampshire car leasing in Surrey car leasing in Essex car leasing in Yorkshire car leasing in Nottinghamshire.
T: 0333 577 5708
Ashbourne Leasing are a credit broker and not a lender, we are authorised and regulated by the Financial Conduct Authority. Registered No : 839353
Registered in England & Wales with company number : 11909351 | Data Protection No : | VAT No : 320 1817 47
Registered Office : Ashbourne House, Prospect Road, Market Drayton, United Kingdom, TF9 3AP
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