Contract Hire for Business | Lancashire & Wigan | Chorley Group

Contract Hire for Business

Let us help make your next business decision easier with Chorley Group.

Cost effective and easily manageable, Contract Hire is a simple way to lease vehicles for your business fleet. Business Contract Hire is a financial agreement between a finance company and your organisation. The finance company has ownership of the car and you pay a fixed monthly payment to pay for the depreciation in the value of the vehicle during the length of the contract.

At the end of the contract you simply hand the vehicle back with no additional costs (subject to vehicle condition and keeping within the agreed mileage agreement). Additionally, if you are a VAT registered business 100% of the VAT on the monthly rentals may be reclaimed where the vehicle is either a van or a car used soley for business purposes. Where the vehicle is used for business and private mileage only 50% of VAT on rentals is recovered.

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Advantages of Business Contract Hire:

  • Fixed cost allowing easy budget management
  • Low initial outlay (usually 3 rentals in advance)
  • Supplier arranges delivery and collection of vehicle
  • No responsibility of vehicle disposal
  • This form of funding is considered to be ‘off balance sheet’ and the vehicle will not be shown as an asset within your balance sheet
  • VAT registered business can reclaim 50% of the VAT on the contract and 100% of the VAT on any maintenance element
  • No depreciation risk
  • Finance company carries Residual Value Risk
  • Ability to change for a brand new vehicle on a regular basis

Nissan Business Contract Hire Offers

Our Nissan business centre offers a wide range of vehicles on Contract Hire. Nissan passenger cars including crossovers, SUV, vans and commercial vehicles. Models include the Nissan Qashqai, Juke, All-New Micra, X-Trail, Pulsar and more.

See Nissan Contract Hire Offers

Kia Niro Contract Hire

Kia Business Contract Hire Offers

Dynamic Kia hatchbacks, crossovers and hugely popular SUVs on Contract Hire. Visit our Kia dealership to find the ideal fleet to drive your business. Models include the Kia Sportage, Niro, Sorento, Optima, Picanto and more.

Visit Kia Business Centre

Hyundai Tucson Contract Hire

Hyundai Business Contract Hire Offers

Dynamic Kia hatchbacks, crossovers and hugely popular SUVs on Contract Hire. Visit our Kia dealership to find the ideal fleet to drive your business. Models include the Kia Sportage, Niro, Sorento, Optima, Picanto and more.

See Hyundai Contract Hire Offers

Fiat 500 Contract Hire

Fiat Business Contract Hire Offers

Dynamic Kia hatchbacks, crossovers and hugely popular SUVs on Contract Hire. Visit our Kia dealership to find the ideal fleet to drive your business. Models include the Kia Sportage, Niro, Sorento, Optima, Picanto and more.

Visit Fiat Business Centre