Company Contract Hire

Company contract hire is one of the main car finance options for company/business owners and an ideal way for companies to own a brand new vehicle every 2,3 or 4 years and not have to worry about the purchase price or the depreciation. More and more people are benefiting from leasing their cars through their business or company as they realise the cost effectiveness of doing this.

The Benefits

The advantages for having a company contract hire agreement are: delivery and collection are free; road tax is supplied for the duration of the contract; and, the monthly payments are fixed. Businesses can also reclaim at least 50% of the VAT and at least 50% of the overall cost of the contract hire vehicle against your tax in most cases. With a company contract hire agreement there is also the choice of having a full maintenance contract that includes full services, replacement tyres, repairs, etc.

How does Company Contract Hire Work?

The usual procedure in company contract hire agreements is to pay a deposit (usually three months), followed by an agreed monthly sum normally starting at month two for the duration of the contract, typically over two, three, four or five years. At the end of the contract, the car is handed back to the car leasing/finance company with no additional costs to pay, and with a fresh agreement organised.

Personal Service

At Car Leasing Direct, we specialise in close personal attention and know that we have some of the most competitive company contract hire rates in the market. Not only do we gain quotes from our own system, but we also have many other finance suppliers, all of whom offer very competitive prices. Therefore, Car Leasing Direct does the ‘shopping around’ for you enabling them to obtain the best price to suit your budget.

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