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With contract hire vehicles become leased to you and the vehicle is owned by car lease 4 you.It benefits companies by improving cash flow and removes risks of high depreciation.
Benefits Improves cash flow:
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Massive manufacture discounts
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Releases capital to you business
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Off balance sheet
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Small deposits
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No risk of high depreciation
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Fixed maintenance costs
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Car lease Belfast
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No resale problems
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VAT is 100% recoverable on service element
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VAT is 50% recoverable on rentals
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Rentals paid on vehicles under 160/km 0f co2 are 100% tax deductible
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Road fund licence included for the duration of contract
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Car Lease Belfast
Personal contract hire explained
If you receive a cash sum instead of a company vehicle personal contract hire will benefit you.
Benefits optional fixed maintenance costs:
- Massive manufacture discounts
- Fixed driving costs
- No depreciation risk
- Car lease Belfast
Hire purchase explained
If you are not VAT registered or a private individual then hire purchase is the best method of funding you vehicle. This will also give ownership of the vehicle at the end of the agreement. At the end it can either be used as a deposit for another vehicle or it can be kept.
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Ownership of vehicle
Sale and lease back explained
If your company already owns it vehicles outright then the sale and lease back method is enabling you to release the cash that is tied up in the vehicles. You can then use this cash to invest elsewhere in your business and use a tax efficient method of funding.
Benefits improved cash flow in business:
- Seem less change over
- Car lease Belfast
- More tax efficient
Lease purchase explained
If you want to have lower monthly payments we can do this for you by using a balloon rental at the end of the term. This will defer some of the cost of the vehicle and give a lower monthly payment. Lease purchase is mostly used for start up companies or a business that is not VAT registered
Benefits ownership of vehicle after balloon payment is made
- Lower monthly payments
- Saving will enable you to buy a better vehicle
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