Contract Hire

Contract Hire provides an ideal solution for companies or organisations who do not want the financial risk and administrative burden of buying, running, servicing and disposing of their own minibus fleets.

Based upon an agreed annual mileage, contract hire rental payments will always take care of the following:

  • Cost of vehicle funding
  • Cost of vehicle depreciation
  • Road Fund Licence
  • Dedicated service from Account Executive and supporting team

Against increased rental payments, the contract hire can also include:

  • All maintenance, service, repairs, tyres and batteries
  • AA Fleet Europe or similar service
  • Relief Vehicle in the event of a breakdown

Key Business Benefits

Some of the key business benefits fvrom choosing contract hire are:

  • Choose any vehicle
  • Greater vehicle discounts
  • Fixed monthly or annual payments (i.e. inflation-proof)
  • Fixed maintenance costs (if maintenance package is chosen)
  • Protection from depreciation
  • Easy budgeting - you to simply pay the monthly contract hire costs, insure and fuel the vehicle.
  • Off balance sheet funding - Under contract hire your vehicles do not appear on your companys balance sheet as they are owned by the contract hire company. The removal of capital assets from your balance sheet can enhance a companys gearing (borrowing) ratio.
  • Outsourcing of administration duties
  • Flexibility
  • Tax efficient – reclaim 100% of the VAT on the maintenance payments and up to 100% of the VAT on the rental payments

Contract Hire Example Prices

Below are 3,4 and 5-year non-maintenance, contract hire price examples for our EasyDrive Wheelchair DeLuxe Lightweight 17-seat Minibus, purchase price £24,750.

Annual
Mileage
Initial Payment
£
Followed by One of These Monthly Payment Options
35 mths at
47 mths at
59 mths at

 

8,000
3yr- 590.00
590.00
 
 
4yr- 509.00
 
509.00
 
5yr- 455.00
 
 
455.00

 

15,000
3yr- 655.00
655.00
 
 
4yr- 559.00
 
559.00
 
5yr- 495.00
 
 
495.00

Prices exclude VAT and delivery, are correct at January 2014 and subject to change.

Let Us Help You

Please complete our website contact form or contact Graham Thatcher on 01633 485858.

Alternatively come and visit us at our showroom at Pembridge House, The Park Business Centre, Plough Road, Goytre, Penperlleni, Nr Usk, South Wales, NP4 0AL. We are just 10-15 minutes from Junction 24 of the M4 motorway. Here is our location on Google Maps.

Please note - all finance is offered subject to status

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