Contract Hire……
Fixed cost leasing for Companies of all Shapes & Sizes
Contract Hire
is our most popular type of agreement for fleet and business users. It is ideal for companies who do not want the financial risk of running their own car and van fleets, and who are looking to reduce the burden of buying and disposing of their vehicles.
This type of Leasing agreement is a bit like long term Car Rental, but generally much more cost effective. You choose the length of contract, normally a minimum of 2 years, ranging up to 5 years. You specify your ideal vehicle choice(s), along with any manufacturer cost options required, and you then decide on how many miles per annum you are likely to travel. Our experienced team will then negotiate the best level of discount with Vehicle Manufacturers and dealerships, and source the best possible Car Leasing rate from our panel of lenders.. At Concept Vehicle Leasing, we work directly with a number of leading banks and financial leasing companies, including LEX Autolease (part of Lloyds Banking Group), to ensure you get the lowest possible Contract Hire deals every time.
Your regular payments are fixed at the start of the lease term, and remain unaffected by changes in the used car market or interest rates. This makes it easy to budget for the cost of your motoring for the next few years. The leasing company retains ownership of the vehicle (and all associated risks) and at the end of the agreement the vehicle is returned. The regular payments are determined from the original cost (as negotiated using our purchasing power) of the vehicle, period of use, forecast contract mileage and anticipated residual value.
Road Tax included for the duration of the agreement. Fixed cost Servicing, Maintenance, Repairs, Tyres, Breakdown and a range of other services are also available at a fixed monthly cost, enabling you to budget accurately and in most cases, remove the unexpected headache of a high maintenance or tyre bill!
So, could Contract Hire be right for you? Here are some of the main Features and Benefits....
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Key Benefits |
- Fixed cost for the duration of contract
- Flexible terms and mileage to suit your business
- Low Initial Outlay
- VAT registered companies can reclaim a proportion of VAT
- No hassle of vehicle disposal
- Up to 100% Tax Relief is available on the Lease Rentals
- Full maintenance & fleet management is available
- Replacing vehicles regularly can enhance the image of your business
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- Accurate budgeting unaffected by interest rate changes
- Contracts range from 2-5 years/6,000 to 50,000 miles per annum
- Initial rentals ranging from 1 to 12 months available (typically 3)
- 50% on Cars (assuming private use), and 100% on Commercial Vehicles
- Risk free method of operating business vehicles
- Cars under 160g/km CO2 are the most Tax Efficient to operate
- 100% Tax Relief applies to Fixed Cost Maintenance Agreements
- Vehicles collected on Contract Expiry, so no depreciation risk
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Available on all Cars and Commercial Vehicles.
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Document downloads:
Concept Vehicle Leasing - Brochure (919KB)