BUSINESS CONTRACT HIRE

Business Contract Hire provides hassle free motoring for your business. It is an efficient way of funding the use of a car without the cost of ownership. You benefit from low initial outlay, regular rentals and no worry about disposal of your car at the end of the contract. You can also include a full maintenance package within the monthly rental. This covers regular servicing costs as well as the costs of wear and tear to things like brakes and tyres.

How it Works

We purchase the car you choose, allowing us to claim back the VAT. This means that your payments are calculated on a VAT exclusive price.

You choose the car you wish to drive, agree your annual mileage and decide your hire period of between 24 and 60 months.

Choose whether to include a full maintenance package within the monthly rental.

Your rental is calculated based on your choices.

At the end of your term, simply return the car to us (within the agreed mileage and in good condition), choose your next car and start again.

Customer Benefits

  • Rentals are lower as they are calculated on the VAT exclusive price of the car
  • VAT registered businesses can reclaim a portion of the VAT paid on rentals, and all of the VAT paid on optional maintenance rentals
  • Rentals are allowable against tax
  • Off balance sheet funding
  • Low initial outlay and regular rentals for easy budgeting
  • Road Fund Licence included for the duration of your contract
  • The optional maintenance package brings all your running costs together in a single rental
  • Flexibility to change your contract term and mileage should your circumstances change
  • No concerns over the future value of your vehicle
  • You don't have the worry of selling your vehicle at the end of your contract

Majestic Garage [Dorset] Ltd is an appointed representative of Automotive Compliance Ltd, which is authorised and regulated by the Financial Conduct Authority (FCA No 497010), whose permitted business is to act as Principal Firm for a network of Motor Dealer Appointed Representatives who act as Credit Brokers for introduction to finance providers, acting on behalf of the lender and advise on and arrange non-investment insurance contracts, acting on behalf of the insurer.

Meridien Milano Ltd is an appointed representative of Automotive Compliance Ltd, which is authorised and regulated by the Financial Conduct Authority (FCA No 497010), whose permitted business is to act as Principal Firm for a network of Motor Dealer Appointed Representatives who act as Credit Brokers for introduction to finance providers, acting on behalf of the lender and advise on and arrange non-investment insurance contracts, acting on behalf of the insurer.