Business Contract Hire is commonly referred to as vehicle lease and allows businesses a fixed payment method for the use of a vehicle for a term of normally between 12-48 months. The payments attract VAT of which for cars 50% and for commercial vehicles 100% of the finance element is reclaimable, 100% of the VAT for any maintenance payment is reclaimable. The rental payments are also classed as a true business expense so can be wholly offset against corporation tax. The benefits are fixed monthly payments with no disposal risk but reasonable care has to be taken of the vehicle and also there is an obligation to remain under the stated mileage at the contract inception or the finance company will levy a charge for loss of value.
* WE CAN QUOTE ON ALL VARIOUS YEARLY MILEAGES AND DIFFERENT TERMS - PLEASE CONTACT US FOR A TAILORED QUOTE 0800 612 8901
T: 0800 612 8901
F: 01604 570700
Silverstone Fleet Management
The Old Hay Barn
Preston Lodge Court
Registered Office : Office 5, The Old Hay Barn, Preston Lodge Court, Preston Deanery, Northampton, NN7 2DS
| Registered in England and Wales Company Reg No : 8079695 | Data Protection No : Z3311594 | VAT No : 138056808 |
Silverstone Fleet Management is a trading name of Silverstone Corporation Limited. Silverstone Corporation is a credit broker and not a lender, we are authorised and regulated by the Financial Conduct Authority. Registered No : 674485
Silverstone Fleet Management are a member of the British Vehicle Rental and Leasing Association (BVRLA). Registered No : 1918
Copyright © 2018 Silverstone Fleet Management, All rights reserved.