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.