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Contract hire explained in Northern Ireland

With contract hire vehicles become leased to you and the vehicle is owned by car lease 4 you.It benefits companies by improving cash flow and removes risks of high depreciation.

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Nissan Note
 

 Nissan Note1.4 visia 5dr
ins group 4, 47.9 mpg, cd player
From £37 + vat per week

Benefits Improves cash flow:

  • Massive manufacture discounts
  • Releases capital to you business
  • Off balance sheet
  • Small deposits
  • No risk of high depreciation
  • Fixed maintenance costs
  • No resale problems
  • VAT is 100% recoverable on service element                         
  • VAT is 50% recoverable on rentals
  • Rentals paid on vehicles under 160/km 0f co2 are 100% tax deductible
  • Road fund licence included for the duration of contract

Personal contract hire explained

If you receive a cash sum instead of a company vehicle personal contract hire will benefit you.

Benefits optional fixed maintenance costs:

  • Massive manufacture  discounts
  • Fixed driving costs
  • No depreciation risk

Hire purchase explained

If you are not VAT registered or a private individual then hire purchase is the best method of funding you vehicle. This will also give ownership of the vehicle at the end of the agreement. At the end it can either be used as a deposit for another vehicle or it can be kept.

 Deal of the week!!!

 

 Nissan Qashqai 1.6i Visia
Glass roof and roof rails, auto door lock while driving, Bluetooth compatible audio system
From £57 + vat per week

Benefits ownership of vehicle:
                   

Sale and lease back

If your company already owns it vehicles outright then the sale and lease back method is enabling you to release the cash that is tied up in the vehicles. You can then use this cash to invest elsewhere in your business and use a tax efficient method of funding.

Benefits improved cash flow in business:

  • Seem less change over
  • More tax efficient

Lease purchase

If you want to have lower monthly payments we can do this for you by using a balloon rental at the end of the term. This will defer some of the cost of the vehicle and give a lower monthly payment. lease purchase is mostly used for start up companies or a business that is not VAT registered

Benefits ownership of vehicle after balloon payment is made

  • Lower monthly payments
  • Saving will enable you to buy a better vehicle