Contract Hire is effectively a longer term vehicle rental agreement. Contract terms range from 12 to 60 months and are tailored to the businesses requirements.
The Contract Hire Company reclaims the VAT on the original purchase, which reduces your monthly rentals (which are + VAT). Contract Hire is a very popular choice for VAT registered companies as they can claim back 50% of the VAT on the finance element for cars and generally 100% for commercials (subject to no private use, no exempt turnover and not being on the Flat Rate VAT Scheme).
On contracts with maintenance the VAT on the service element is 100% recoverable. One of the major benefits is that there are no disposal worries as the future value is underwritten by the leasing company.
Email : firstname.lastname@example.org
Telephone : 0145 247 1000
Company Address :
Old Corsend Farmhouse
CLVR Limited are a credit broker and not a lender, we are authorised and regulated by the Financial Conduct Authority. Registered No : 671701
Registered in England & Wales with company number : 05632898 | Data Protection No : Z9320395 | VAT No : 889886027
Registered Office : Old Corsend Farmhouse, Gloucester GL19 3BP
Disclaimer: All vehicle images and descriptions are for illustration and reference purposes only, all vehicle leases are subject to credit approval and subject to change at any time. E&OE.
Copyright © 2020 CLVR Limited, All rights reserved.
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