Contract Hire
Contract hire from Inchcape Fleet Solutions offers you risk-free budgeted corporate motoring.
Contract hire from Inchcape Fleet Solutions is an extremely popular product for a reason – complete visibility in fleet provision, without the risk associated with outright purchase.
In short, the lessee is provided with a vehicle for an agreed period of time, subject to regular monthly payments being made and contractual obligations met.
For ease of use, there are two types of contract hire solutions available to our customers: maintenance inclusive or maintenance exclusive.
Contract hire has grown in popularity because it offers distinct advantages over many forms of vehicle funding. In particular, the reclaiming of VAT depending on the type of vehicle usage and VAT status of your organisation.
Cash flow forecasting is made easier because the costs are fixed and the residual value risk is undertaken by Inchcape Fleet Solutions, which also sources the vehicles.
Having negotiated the initial contract hire details, customers are then able to purchase additional services to enhance their fleet’s effectiveness.
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