On a Contract Hire lease agreement, you pay fixed monthly rentals on the van of your choice. You don’t own the vehicle so at the end of the contract you can simply hand it back to us and collect your new one if desired. Your monthly rental cost will depend on the value of the vehicle, the length of the contract (usually between 2 and 5 years) & the agreed annual mileage. You can also include a maintenance package in your monthly rentals which will help pay routine maintenance, servicing, tyres & other wearables.
Advantages:
Fixed cost motoring:
- Low deposit - typically equivalent to 3 monthly payments
- Choice of contract period from 24 to 60
- Hassle free - option to add servicing and maintenance, taking away all the hassle of running a vehicle. You can control your cashflow. Free up capital - get a new vehicle without the up-front costs, freeing up money for you to invest elsewhere in your
business. The risk of vehicle depreciation is eliminated. At the end of the contract, the vehicle is simply handed back without worrying about how much it might be worth. Less admin for you – we will deal with all the buying, maintenance and selling issues. Tax benefits - reclaim up to 100% of the VAT on all maintenance charges, the lease rental, the fees and finance element for commercial vehicles. Rentals are up to 100% allowable against corporation tax. Road Fund Licence is provided for the full term of the contract Road Fund Licence is provided for the full term of the contract
Why Choose Contract Hire?
Contract Hire is ideal for you if:
- You want to drive a brand-new van without having to worry about disposing of it at
the end of your contract. - You don't want the risk of negative equity, because you won't own the vehicle.
- You want everything hassle-free, like including a maintenance package.
- You want to upgrade to a new vehicle hassle free at the end of your contract.
How Contract Hire and Leasing can work for your business
Sometimes referred to as leasing, contract hire is one of the most common forms of vehicle leasing agreements and is one of the more popular ways of running vehicles for your business.
You take control of a vehicle for a fixed length of time, pay an initial rental, and can optionally include maintenance and servicing as part of your payments. Then, at the end of the agreement, you simply hand the vehicle back to us. Contract hire is popular with businesses as it shields you from the risks associated with depreciation and disposal while giving you an easy way to run newer vehicles as part of your fleet.
Our contract hire teams are fully trained to help you with any aspect of funding your business vehicles and are on hand to help, offer quotes, extended test drives and more.
Whether you have thousands of vehicles in your fleet or just a few, you need a partner with the right experience, services, and tools to help you meet your business goals; reducing your environmental footprint, keeping your employees happy and safe on the road and controlling your costs. Fife Self Drive has over 20 years of leasing experience We help companies big and small drive costs down, while making fleet management as simple for our customers as we can.