MC Rental Ltd: Your Trusted Partner for Commercial Vehicle Hire and Sales
MC Rental Ltd, a long-established nationwide commercial vehicle hire company, offers a wide range of vehicles on contract hire terms. With over 30 years of experience, we are headquartered in Maidstone, Kent, and boast a fleet of more than 2,500 vehicles from leading manufacturers, including DAF, Isuzu, Mercedes, Scania, and Volvo. All our vehicles meet Euro 6 standards.
Comprehensive Vehicle Hire Services
We provide more than just vehicle hire. Our services include national coverage, excellent backup, after-sales care, and flexible packages that range from daily spot hire (subject to availability) to long-term and contract hire.
Trusted Vehicle Sales
In 2014, we expanded into vehicle sales, leveraging our extensive fleet to offer vehicles with known histories. Our vehicle sales division has grown rapidly, with a record year in 2019, selling nearly 1,000 commercial vehicles. Our for-sale vehicles, typically 18 to 48 months old, come directly from our hire fleet, ensuring their quality and reliability.
Quality Assurance and Expert Team
Every vehicle in our stock undergoes thorough servicing, preparation, and inspection to ensure it is ready for immediate collection. Additionally, all our trucks come with a driveline warranty as standard.
Our highly experienced sales team is dedicated to providing expert advice and meaningful guidance to help you select the right used truck for your needs. At MC Rental Ltd, we combine extensive industry knowledge with a commitment to customer satisfaction, making us your ideal partner for commercial vehicle hire and sales.
DescriptionWhy Choose Contract Hire: An Overview of Typical UK Lease Products
When it comes to leasing vehicles in the UK, businesses have several options to choose from, each with its own set of advantages. Among these, Contract Hire stands out as a particularly beneficial choice for many companies, especially those managing vehicle fleets. Here's a breakdown of typical UK lease products and a closer look at why Contract Hire might be the best option for your business.
Contract Hire
Contract Hire is essentially an Operating Lease with added benefits, primarily maintenance and replacement vehicles. This comprehensive package is designed to offer minimal disruption and risk to your business operations, making it a popular choice for vehicle fleets.
The Benefits of Contract Hire:
- All-Inclusive Service: It combines the benefits of an operating lease with added services, notably Contract Maintenance. This means you get a rolled-up package that simplifies management and increases convenience.
- Fixed Monthly Fees: You pay a predictable, fixed monthly fee for a set period, which helps in financial planning and budgeting.
- Cost Certainty: With Contract Hire, you avoid unexpected repair bills, as maintenance is included.
- Customisable Packages: Your hire package can be tailored to include various additional services such as Road Fund License, collection and delivery.
- Off-Balance-Sheet Financing: Under certain conditions (90% NPV rental test and <60-month term), Contract Hire allows you to keep the asset off your balance sheet, with only the rental charges impacting your profit and loss statement.
Finance Lease
A Finance Lease is a full payout lease where the leasing company recovers the entire cost of the equipment plus their charges over the lease term. Although ownership never transfers to the customer, they bear most of the risks and rewards of ownership, including maintenance and insurance responsibilities. The leased asset appears on the customer's balance sheet as a capital item.
Operating Lease
An Operating Lease is structured so that the cost of the asset is not fully recovered by the lessor through the lease payments. Instead, the lessor makes a profit on the asset's disposal at the lease's end. This arrangement keeps the asset off the customer's balance sheet, enhancing financial ratios such as liquidity, gearing, and Return on Capital Employed (ROCE). The customer benefits from lower rental costs due to the residual value risk assumed by the lessor.
Why Contract Hire Stands Out
For businesses, particularly those managing fleets, Contract Hire offers a streamlined, worry-free solution. The inclusion of maintenance ensures that your operations run smoothly without unexpected disruptions. The fixed monthly fees provide financial predictability, and the ability to tailor the package to your specific needs adds flexibility. Furthermore, the potential for off-balance-sheet financing can significantly improve your financial metrics, making Contract Hire a financially savvy choice.
In summary, while each lease product has its merits, Contract Hire provides a comprehensive, low-risk, and customisable solution that supports smooth business operations and financial stability.
Services
- Contract hire of all commercial vehicles suited to customers' bespoke requirements
- In-house fleet management of our own and external fleet
- Pre-owned vehicle sales
