Business Contract Hire is commonly referred to as vehicle lease and allows businesses a fixed payment method for the use of a vehicle for a term of normally between 12-48 months. The payments attract VAT of which for vans 50% and for commercial vehicles 100% of the finance element is reclaimable, 100% of the VAT for any maintenance payment is reclaimable. The rental payments are also classed as a true business expense so can be wholly offset against corporation tax. The benefits are fixed monthly payments with no disposal risk but reasonable care has to be taken of the vehicle and also there is an obligation to remain under the stated mileage at the contract inception or the finance company will levy a charge for loss of value.
All pictures and/or photos and car descriptions on this site are for illustration and reference purposes only and are not necessarily the vehicle on offer. All offers are subject to change at any time and are subject to finance approval and vehicle availability. All prices correct at time of publication. E & OE.
Registered Office : 1st Floor 30 Church Road, Burgess Hill RH15 9AE
www.vehiclesupermarket.co.uk is a trading style of Crusader Vehicles Limited, a company registered in England & Wales under company reg number 06203641. Crusader Vehicles Limited is authorised and regulated by the Financial Conduct Authority under firm reference number 631262 for the regulated activity of credit broking. Crusader Vehicles Limited is a credit broker, not a lender.