Contract Hire is a tax efficient funding method where you hire rather than own the vehicle, paying fixed monthly rentals for the duration of the contract.

It delivers 'off balance sheet' accounting and reclaimable VAT, and can help increase cash flow to assist in the smooth running of your organisation..

Under a Contract Hire agreement the finance company retain ownership of the vehicle at all times and therefore continue to absorb all of the subsequent risks such as unforeseen running costs and uncertain resale values.