Finance Contract Hire

Contract Hire

Western Commercial are able to provide our customers with a number of cost-effective finance offers to help businesses purchase new or used vehicles. Contract Hire is one such way in which a business customer can purchase a vehicle at a good rate and great terms for the business. Contract Hire purchases require no capital investment and the vehicle isn’t shown on your balance sheet. Unlike many other business finance schemes, repayments are subject to VAT.

However, as repayments are based on the price of the vehicle at the start of the contract through to the end, monthly repayments are often much lower than other finance schemes. Rentals are allowable against taxable profits and businesses can benefit from the knowledge that their costs are always fixed and covered by scheduled maintenance as part of the agreement.

To find out more about how your business could benefit from Mercedes-Benz Contract Hire, get in touch with the Western Commercial team. We’re always happy to answer any questions in a friendly, honest and easy-to-understand manner.

The Benefits of Contract Hire

  • With this option your vehicle is hired to you for an agreed time.
  • Your repayments are based on the difference between the price of the vehicle at the start of the period and its projected value at the end. You only repay a proportion of the vehicle's value, your payments are kept low.
  • Rentals allowable against taxable profits.
  • Totally fixed and predictable costs for running your vehicle.
  • Typically all scheduled maintenance is covered but you can also add options that include Road Fund License, tyre replacement, out of hours servicing and windscreen cover.

To find out more about how Contract Hire and Fleet Management can benefit you and your business, please call 0333 241 6243 or contact us today.

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