Contract Hire
Contract Hire is an off balance sheet funding (Operating
Lease) arrangement, which can improve your company’s key
financial ratios. It will provide considerable cost
benefits, cash flow and budgetary control and is highly tax
efficient for the majority of company vehicles.
Contract hire is both VAT and Corporation Tax Efficient and
keeps your administration to a minimum.
The risk on depreciation is borne by the contract hire
company as the car is simply returned at the contract
expiry.
Contract Purchase
For the more expensive vehicles, where a tax disallowance
exists for Contract Hired cars, Contract Purchase enables
the maximum tax allowances to be claimed.
Contract Purchase does not attract VAT to the rentals and
therefore can be attractive to organisations that incur VAT
restrictions.
The product also gives the flexibility to either take
ultimate ownership of the vehicle at the contract expiry or
to simply return it to the contract purchase company
Personal Contract Purchase (PCP)
As the burden of personal taxation increases budget after
budget more and more company car drivers look to opting out
of the company car.
Personal contract purchase offers the individual a low
deposit on the car of their choice, whilst keeping the
payments much lower than traditional Hire Purchase and at
the same time eliminating the P11D tax burden.
Lease
If you are looking for a simple, straightforward finance
agreement, our providers can offer a competitive Finance
Lease. This type of agreement can still provide tax
efficiencies together with cash flow benefits and budgetary
controls.
Additional Services
Maintenance
If required our suppliers will manage and incorporate within
the monthly rental all aspects of the vehicle maintenance,
repair and servicing. Unlimited tyre replacement, subject to
fair wear and tear, exhausts and batteries are also
included.
GAP Insurance
In the event of a total loss a difference between the
insurance settlement figure and the amount to settle the
lease can arise. This difference will normally be charged to
the lessee. Our suppliers however, can provide a GAP
insurance as an intrinsic element of an agreement. This
insurance pays for this difference and removes the
uncertainty and risk and gives peace of mind at an otherwise
difficult time.
Accident Management
Can be included with all with maintenance contracts and a
complete accident management facility. Our providers cater
for the needs of the driver, deal with the repairing dealer
and negotiate with the insurance company through to claim
settlement, thereby eliminating one of the greatest areas of
administration handled by your fleet administrator.
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