e-Contract Hire.co.uk | The Contract Hire & Fleet Leasing Vehicle Specialists

FAQ's - Vehicle Finance Questions Answered

Q:	What are the benefits of contract hire ?

A:	High percentage of monthly rentals can be offset against tax. Off the balance sheet funding, no depreciating asset on the books. 50 % of VAT can be reclaimed on monthly rentals. 100 % of VAT can be reclaimed on the maintenance rental. Fixed monthly costs, easy to budget. No disposal risks at the end of the contract period.
Q:	Are there any annual mileage restrictions?

A:	Mileages up to 40,000 per annum are available but as with all contract hire agreements, this is defined at the time of acceptance.
Q:	Am I limited to the make and model of vehicle?

A:	Status contract hire applicants are not limited - all makes and models of vehicles are available. Non status contract hire and personal lease hire applications are assessed on an individual basis.
Q:	I am not a business, can I still contract hire a vehicle?

A:	Yes, personal contract hire is available.

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