Contract Hire
A contract hire agreement is based upon a fixed contract term, usually between 2 to 5 years, and the expected mileage that the vehicle will cover during the term. Once these are agreed, a monthly rental is calculated which remains fixed throughout the term so you can budget effectively with no surprises. At the end of the contract you hand the vehicle back (generally to coincide with the arrival of its replacement). You don't need to worry about disposal or the trade-in price.
Road Fund License is included and usually so to is full maintenance. Again this is a fixed cost as part of the monthly rental - all maintenance requirements and regular servicing, tyre replacement and mechanical failure are included. It doesn't matter how much work is required - the monthly charge does not change, so there is no risk.
Benefits
- Easy budgeting and improved cash flow
- Enhanced gearing (borrowing) ratio
- VAT and tax benefits
- Reduced financial risk
- Easier administration
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Our mission is to deliver the best return on your investment and keep your drivers on the road.
As an independent leasing company in the FN top 50 list, we will offer impartial advice and use our status to negotiate with vehicle manufacturers and suppliers to find the right vehicles at the best prices.
If reliable vehicles and fixed costs are important to your business, talk to us.
The MNH way:
- 95% client retention
- dedicated account managers
- quality service
- low prices
- UK based company
For an informal chat and/or a quick quote, please call us now on 01254 244144 or use the form below.
