Contract Hire is simple, comprehensive and cost effective. It is now the most popular method of funding vehicles for businesses of all sizes. Low deposits with fixed monthly payments cover the cost of the vehicle and the annual road fund licence throughout the length of the agreement. Maintenance can also be included in the contract, and these can cover the cost of all servicing, tyres and breakdowns too. This ensures that businesses can accurately budget the full cost of their company vehicles, with the added benefit of a comprehensive package which will keep their fleet mobile at all times. Contracts can be tailor made for your business, from short term 6 months deals to more typical 36 or 48 month agreements, with any anticipated mileage taken into consideration.
Contract Hire rentals (payments) are calculated on the ex VAT supply price of the vehicle and are treated as an operating expense that can be charged against taxable profits. VAT is reclaimed on the finance and maintenance elements. The monthly rentals are based on the vehicle price; mileage and length of contract required.
Barnett's contract hire terms are amongst the most competitive available and we supply vehicles to businesses of all sizes. Small businesses can take advantage of the terms we negotiated on behalf of larger fleets, on a huge range of cars and vans. These very special terms make the car you always promised yourself an affordable prospect! Friendly advice from our experienced business sales team will ensure that we find the right car or van for your business needs. With a full range of demonstration vehicles available you will be able to try out cars and vans from some of the worlds leading manufacturers, long before you have to make that buying decision. The BarnettÕs business sales team are happy to arrange a meeting in your office or workplace. Our 24 hour free quotation service is just a click away!
Why Contract Hire ?
- Fixed Monthly Costs
- Accurate Budget Forecasting
- Eliminates the risk on residual values
- Off balance sheet funding
- Reduces administration
- VAT efficient