Fleet Managers Look for Best Contract Hire Deals

As companies across UK are trying to cut back on employee benefits at tough economic times, fleet managers are scrambling to keep company cars affordable enough and to retain good people of the company. Rather than compromising on your fleet, find out how contract car hire & leasing could be beneficial.

Choosing the way you finance your car is critical as it can save you a lot of time and money, particularly if you do not know precisely what you want when it comes to changing your fleet. Going to different dealerships and garages may not always be a good idea. Therefore making the right choice can save you a great deal of money.

Opting for Contract Hire, you ensure that you make a fixed monthly payment for a fixed period of time. UK Contract Hire Vehicle Services easily arrange an improved deal for you that is tailored to suit your requirements.

The agreed deposit is made which is usually equal to three monthly payments. The vehicles continue to be owned by the Car Leasing Company in UK and are handed back after the stipulated period is over. Since the ownership of the vehicle is retained by the Vehicle Leasing Company, all risks and recurring costs, be it maintenance, depreciation or any other, are borne by the leasing company itself. If you want to acquire a high end sports or prestige car you can avail of the services of a UK Prestige Car Lease Specialist, which enables your company to afford these luxury cars.

The monthly payment to be made varies according to the duration of contract, estimated mileage during this period and the anticipated resale value of the vehicle at the end of the contract. With the Car Leasing Company in UK requiring you to pay just a fixed monthly rent, it releases capital from your current vehicle by selling it and enables you to invest the larger amount acquired for other appropriate business needs.

Taking all additional costs off your shoulders, a Contract Hire service improves your company’s gearing and delivers off balance sheet funding and better liquidity.

Besides 100% maintenance rental, 50% to 100% VAT is recoverable on the finance rental under Contract Hire.

A Car Leasing Company in UK can help you increase your revenue, cut down on the cost, ease your balance sheet and save taxes. You also save on the cost of running company vehicles.