How does Company Car Contract Hire work in the UK?
The funding of company vehicles, regardless of fleet size, can be a significant drain on financial and human resources, especially at a time when resale values are increasingly volatile. Company car contract hire in the UK can remove both the financial and administrative burden from your business. It can deliver a tax-efficient form of funding which eliminates risk and smooths cashflow. • Your company hires a vehicle from us for a pre-determined period at a fixed monthly rate. • We retain ownership and at the end of the fixed period the vehicle is simply returned to us. • The single, fixed monthly rental takes into account the cost of the car, its rate of depreciation, the length of the contract, mileage and any additional services you may wish to build in. • The majority of our customers choose to include maintenance cover within their company car contract hire, with full RAC breakdown and recovery service, keeping drivers on the road without involving the company in complex or costly
