Business Contract Hire is commonly referred to as vehicle lease and allows businesses a fixed payment method for the use of a vehicle for a term of normally between 12-48 months. The payments attract VAT of which for cars 50% and for commercial vehicles 100% of the finance element is reclaimable, 100% of the VAT for any maintenance payment is reclaimable. The rental payments are also classed as a true business expense so can be wholly offset against corporation tax. The benefits are fixed monthly payments with no disposal risk but reasonable care has to be taken of the vehicle and also there is an obligation to remain under the stated mileage at the contract inception or the finance company will levy a charge for loss of value.
* All vehicle images and car descriptions on this site are for illustration and reference purposes only and are not necessarily an accurate representation of the vehicle on offer.
T: 01392 825266
Carrs Contract Hire & Leasing
85 Meneage Street
Helston Garages Ltd trading as Carrs Contract Hire & Leasing is authorised and regulated by the Financial Conduct Authority for the broking of Consumer Credit (but not lending) and sale of insurance products under Firm Reference Number 313009. You may check this on the Financial Services Register by visiting the FCA’s website, https://register.fca.org.uk or by contacting the FCA on 0800 111 6768.
Helston Garages Ltd is registered in England & Wales, Reg. Company Number: 703021. VAT Reg. No. GB447416638. Data Protection register number Z5351929
Registered Office: Helston Garages Ltd, 85 Meneage Street, Helston, Cornwall, TR13 8RD
This website is intended for customers based in the UK and is therefore subject to the UK regulatory regimes. Regulatory required website reporting such as Modern Slavery Statement, Gender Pay and Tax Strategy are all reported on the group’s main website www.helstongarages.co.uk
Copyright © 2019 Carrs Contract Hire & Leasing, All rights reserved.