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Contract Hire is frequently the first vehicle financing choice for businesses.
It provides the use of a vehicle at a fixed monthly cost that can even include full servicing/maintenance costs, tyres and road fund licence renewal. This delivers a regular motoring cost for budgeting purposes. Contract Hire also enables a flexible method of off-balance-sheet funding.
Current UK tax legislation also helps to keep Contract Hire costs down. Businesses may be able to reclaim up to 50% of the VAT payable on the monthly rentals if they are for registered business users with a proportion of private mileage useage.
Additionally, the full VAT on the service/maintenance element (if taken) may be recoverable in full.
Contract Hire is available on 12 to 48 month terms. The level of the monthly repayments is calculated according to
- The value of the vehicle
- The initial rental
- The length of the rental period (12 to 48 months)
- The agreed annual mileage
- The exact package to suit your needs
After the agreed period you return the vehicle and there is nothing more to pay, as long as all payments are met, and all the terms and conditions of the contract have been met.
Contact a member of the Colbornes Fleet team today for more information about our Contract Hire Offers available.
Audi Contract Hire Enquiry
Taxation, legislation and accounting practices are subject to change, and current business allowances can be changed at any time. For specific guidance you should contact your own financial advisor in these regards.