This is a fixed-term agreement with a range of different maintenance options built around your needs. We retain ownership and the end-of-life risks. It is off balance sheet, has no capital tie-up, accurate budgeting and is often tax efficient for many organisations.
A popular fixed-term method with the option to buy or extend at the end of the period. Unlike contract hire it offers no maintenance or basic asset management. The potential tax benefits are that a lease allows you to deduct costs as an operating expense.
This is our rolling 12 month rental contract. It remains an operating lease but without the longer term fixed contract periods. They are typically structured to support businesses with a need to flex their fleets according to contracts and therefore reduce the risk sometimes associated with 3-7 year contracts.
This service utilises our stock to meet very short term needs. There is no minimum rental period and can assist when fleet vehicles are off the road for short periods or additional short term contract opportunities emerge.
Finance lease payments are calculated over the total cost of the asset with the receipt of the asset sale at end of term payable by ourselves to you as a “Rebate of Rental”. The higher monthly rental payment may offer tax efficiencies when deducted as an annual operating expense with the rebate being received at the end of the contract.
HP is instalment financing for those who ultimately wish to own the asset and assume all associated costs of maintaining the vehicle or trailer. It is “on balance sheet” and therefore presents other accounting treatments including upfront VAT payment and deducting capital allowances which may suit your business.
With contract hire, we can add an outsourced management service to ensure not only maintenance and safety compliance is in place, but manage all forms of fuel management, servicing, accident management, charging and overall asset efficiency monitoring. Our fleet management services can be tailored to your needs keeping you, your fleet and your drivers legal and efficient on the roads.