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Business Contract Hire
It's sensible economics to seriously consider this type of lease when considering your next Company Car. Low initial outlay in terms of downpayment, low monthly prices to suit the budget and simply put no residual risk! That's the bottom line. Simpy drive the car for the lease period, and then hand it back. Many cash rich Companies to their peril have learned the hard way when it comes to buying a vehicle. Thousands are lost in depreciation within the first year alone.
Contract hire from an accounting point of view is "off balance sheet", which means you pay for the car out of your profit and loss expense account just like lighting and eatin. Elements of the rental can be offset against tax, and if your VAT registered, then you can claim back 50% of the rentals.
Personal Car Lease Or "PCP"
Many of our customers simply want a personal car lease where they can pay as little as possible and then hand the car back without any hassle. Ok we have maily two options here. We we may be able to secure one of our "business supported deals" on a Personal Contract Hire. This means that the monthly payment although attracting VAT is still extremely competitive, because the deal includes business support that has been extended to personal contract hire. These are becoming less prominent due to the manufacturers reducing the support available.
Welcome to "PCP" an abreviation for the traditional Personal Contract Plan . When most customers say that they want to lease a card this is the plan that nearlly all dealerships talk about. Low doown payment, Low monthly and an option to hand the car back or keep it at the end . Conditions apply!!
Van Leasing and Contract Hire
Van Leasing comes in many different forms today. Finance lease for vans is extremely popular because it allows the customer to aquire the van over a typical 3-4 years, and then sell it at the end of the period. This is suitable especially to the Building trade, as the van's bodywork within this trade can become damaged at lease end. The finance lease allow the customer to sell van and settle any finance payment, ,or if no final finance payment is required then the customer can keep proceeds as a rebate of rentals.
Van Contract hire is an equally popular form of van leasing. The van is leased ove a period at a set mileage, and then simply handed back at the contract end. Natrually Mileage restrictions and general terms apply