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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. Get your Quote today |
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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!!! |
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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