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Business Contract Hire is a method of financing a vehicle that is usually accessed by VAT-registered businesses and companies, however sole traders and partnerships can also take advantage of contract hire.
It is a form of vehicle finance where the vehicle remains the property of the finance company, with the vehicle effectively hired out to a Business. Contract Hire involves leasing a car for an agreed period of time at a fixed monthly cost.
For private businesses that means cost-effective, flexible motoring. All servicing and maintenance can be provided – giving you peace-of-mind that everything is running smoothly with no unpredictable costs. At the end of your term, you simply return your vehicle and replace it with another one