With Contract Hire, operating leases based on fixed periods of hire and mileage provide a cost-efficient method of financing and maintaining your fleet. The risks of asset ownership are transferred to Inchcape Fleet Solutions, while the removal of capital assets from the balance sheet releases capital and may enhance clients' cash flow and borrowing ratios.
As a further advantage, VAT is fully recoverable on lease rentals, providing that the car is used entirely for business purposes. Where there is an element of private use, recoverable VAT is reduced to 50% of the finance rental cost. In either case, VAT on maintenance charges is fully recoverable.
In addition, a significant lowering of overheads is achieved through a reduction in administration expenditure, while fixed monthly/annual costs deliver total budgetary control.
Inchcape Fleet Solutions' extensive selection of products and services facilitates the creation of bespoke packages, designed to suit customers' individual financial and operational objectives.
