How Business Contract Hire Works

What is Business Contract Hire?

What is Business Contract Hire?

Business Contract Hire is similar to a regular Contract Hire agreement but is tailored to the needs of businesses. This straightforward lease can combine other costs such as a service plan and vehicle tax with the lease payment for simpler cash-flow management.

Is this plan right for me?

Choose this plan if you or your business knows how long it needs vehicles for, and if you want to bundle multiple vehicle costs together. This plan is also right if you don’t want to own your chosen car or cars when the contract finishes.

How Business Contract Hire works

  • Choose the most suitable model for your business.
  • We buy the car and lease it to you, so you avoid VAT charges.
  • Decide the initial payment, length of term and mileage limit.
  • Add a maintenance package if desired.
  • Your rental payment is calculated based on term length, added extras and model price.
  • When the contract ends, simply hand the car back.

Why choose Business Contract Hire?

Business Contract Hire delivers a host of benefits to businesses that need access to vehicles for a definite period of time.

  • Lower rental costs, calculated exclusive of VAT on the price of the car
  • Reclaim a portion of the VAT paid on rental fees
  • Off-balance sheet financing
  • Rental payments allowable against tax
  • Lower initial payments
  • Fixed rental fees
  • Option to bundle service costs in with rental payment
  • Avoid the commitment of outright vehicle ownership

Make your enquiry

For businesses, Business Contract Hire is the uncomplicated way to keep staff on the move and help maintain a healthy cash flow.

Talk to one of the financial experts at Sturgess Motor Group if you are interested in leasing vehicles for your business. We can help you to tailor the most affordable package and supply you with the right models for your needs. Enquire online today or call your closest dealership to start the conversation. 

Make an Enquiry