Contract Hire, sometimes referred to as an Operating Lease, is a long term rental agreement. Contracts range from 12 to 60 months and are tailored to the businesses requirements.
The Contract Hire Company reclaims the VAT on the original purchase, which reduces your monthly rentals (which are + VAT). Contract Hire is a very popular choice for VAT registered companies as they can claim back 50% of the VAT on the finance element for cars and generally 100% for commercials (subject to no private use, no exempt turnover and not being on the Flat Rate VAT Scheme).
On contracts with maintenance the VAT on the service element is 100% recoverable. One of the major benefits is that there are no disposal worries as the future value is underwritten by the leasing company. Another benefit of Contract Hire is that it is generally 'off balance sheet funding' (subject to legislation change) which means it can improve your gearing ratio (assets to borrowing ratio) and therefore possibly your borrowing ability in the future.
Email : email@example.com
Telephone : 029 2046 5144
Company Address :
Sabre Motor Company
Sabre Motor Company Ltd trades under licence as and introduces business to Platinum Funding which is a trading name of the Bridle Group a division of Hanborough Enterprises Ltd. Sabre Motor Company Ltd is an Appointed Representative (Firm Reference Number 840458) of Hanborough Enterprises Ltd (Firm Reference Number 631448) who is authorised and regulated by the Financial Conduct Authority for consumer credit activities and insurance distribution. You can check this on the FCA Register by visiting www.fca.org.uk or by contacting the FCA direct on 0300 500 8082. We are an independent vehicle finance broker and we operate with a panel of carefully selected funders. We may receive commission and/or other benefits from the finance provider if you enter into an agreement with them. Sabre Motor Company Ltd is a company registered in England no 08206143 and their registered office and trading address is Performance House, Penarth Road, Cardiff, South Glamorgan CF11 8UQ. Vat no 184 8625 68. Data Protection Licence ZA124319. Hanborough Enterprises Ltd trading as Platinum Funding operate from Tamarisk House, North Leigh Business Park, North Leigh, Witney, Oxfordshire OX29 6SW. Hanborough Enterprises Ltd is a company registered in England no 07216831 and their registered office Jamesons House, Compton Way, Witney OX29 6SW. Vat no 110 3005 02. Data Protection Licence Z264186X. Finance is subject to status. Pictures are for illustration only and may not be the exact model. Calls may be recorded for training and monitoring purposes. E&OE
Disclaimer: All vehicle images and descriptions are for illustration and reference purposes only, all vehicle leases are subject to credit approval and subject to change at any time. E&OE.
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