How Business Contract Hire Works
The process is simple; choose a vehicle to suit you and your employees’ needs, then decide on a two-, three-, or four-year term, along with an estimate of your annual mileage. If you want to make your experience smoother and even more hands-off for you, you can include maintenance and servicing costs in your monthly payments.
Business Contract Hire is suitable for those able to claim back 50% VAT on vehicle payments and 100% VAT on maintenance costs, such as sole traders, partnerships and limited companies.