Business Contract Hire for Fleet Cars, Vans & EVs

Contract Hire (also referred to as ‘Operating Lease’) is a specific form of vehicle leasing. It's a long-term rental agreement that provides you with a vehicle for a predetermined length of time and mileage.

Under a Contract Hire agreement, you pay a fixed monthly rental in return for the use of the vehicle. The rental cost is calculated based on several factors, including the type of vehicle, the length of the contract, the agreed mileage, and the estimated residual value of the vehicle at the end of the contract.

When your contract comes to an end, you can either return the vehicle to us, or extend your contract if you want to keep using it (if applicable).

Contract Hire is a popular way of funding company car and business fleets.

Easy budgeting and better cashflow
With fixed monthly costs you always know where you are financially, so your business can benefit from accurate budgeting and improved cashflow.

No financial risk
The costs of ownership, like unexpected maintenance* or unpredictable resale values, rest with us so you can plan ahead with confidence.

Tax and balance sheet benefits
With Contract Hire you may be able to reclaim VAT on monthly rentals and even take your fleet off your company balance sheet.

Reduced capital expenditure
Buying vehicles is a significant business cost. Contract Hire can help you avoid that outlay and free-up capital that you can invest elsewhere to move your business forward.

Save time, hassle, and resources
Managing your fleet is quick and easy. Using our dedicated online portal, everything you need to configure, quote, order and more is at your fingertips.

*This only applies if you have chosen to include our maintenance package at the start of your contract. 

Personal Contact Hire (PCH) is a popular and easy way to enjoy the benefits of a new car every few years, without having to purchase one outright.

When the contract is set up, you will agree an initial payment and an annual mileage allowance. These factors determine how much your monthly payments will be. With Personal Contract Hire, you drive the vehicle, pay the monthly fee for a set period of time (typically 24 to 60 months) and then return it at the end of the contract.

As ownership of the vehicle remains with us throughout, you can simply return your vehicle and walk away when your contract ends. Any excess mileage or damage charges may apply.

Contract hire payments are tax-deductible, suiting to the below criteria:

• You can claim back 100% of the VAT on your rental payments if the vehicle is solely used for business purposes. However, if the vehicle is also used for personal journeys, then you can only claim 50% of the VAT.
• You can offset 100% of the cost of the vehicle depending on the vehicles emissions. For vans you can offset 100% of the cost, regardless of the emissions.
• You can claim 100% of the VAT, and offset 100% of the cost, against your tax bill.