Common Contracts
1 similar Contract Hire Agreement contracts
Contract Hire is a rental agreement that allows you to drive a new car without needing to own itContract Hire Agreement • November 28th, 2018
Once you have chosen your vehicle and decided on your initial rental, you need to make three decisions that will affect the monthly rental payments:Your rental periodChoose any period between 24 and 60 monthsMileage (per annum)Choose how many miles you expect to drive each yearMaintenance FAQ’SCan I enter a Contract Hire agreement?Contract hire agreements are available to business customers only. Choose to include a service, maintenance and tyres plan in your agreement What benefits does contract hire offer me?- Contract hire is ideal for customers simply wanting to pay a monthly rental for the vehicle, change it on a regular fixed period and have no disposal risk- You won’t own the vehicle and therefore won’t have the worry of ownership, you just hand it back at theend- There is no additional final payment at the end of the agreement.- If you are a business user:o A proportion of the rentals may be claimable as an expense against taxable profitso An element of the VAT on rentals ma
