Finance Options - Personal Contract Hire
More and more companies and private individuals are looking at suitable alternatives to the company car, to ease the burden of the ever-changing taxation system. For many people this is a daunting prospect after becoming accustomed to running a fully expensed company car for many years.
Our personal contracts are designed for private individuals considering opting out of their company car schemes or for those who are looking for a risk free method of financing a vehicle for their personal use.
Like business contract hire the rental agreement combines a fixed contract mileage over an agreed hire period with a fixed monthly rental. Servicing and maintenance can be included in the contract. This can be of particular benefit if you are a company car driver when trying to calculate your budget.
Key Benefits:
- No tax paid on the benefit
- Fixed term rental over an agreed period to suit your requirements
- No eventual ownership
- Includes the road fund license for the duration of the contract
- We arrange delivery and collection of the vehicle(s)
At the end of the contract the vehicle is collected. Providing the agreed contract mileage has not been exceeded and the vehicle meets with condition guidelines there is nothing further to pay. Benefiting from a typical initial financial outlay of three rentals, personal contract hire is a popular method of vehicle acquisition.
We can also include GAP insurance should your vehicle be stolen or 'written off'.
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