Business Contract Hire/Business Vehicle Leasing Explained
Business Contract Hire (BCH) is a popular choice amongst companies that have the need for a large fleet of vehicles. It works in the same way as personal contract hire/personal car leasing, the only difference being that business contract hire is only available to business customers.
Ideal for companies that need access to new vehicles immediately over a set period of time, BCH provides companies with a cost-effective way of doing this. At the end of the lease, it can either be extended or the vehicles can simply be returned at no extra cost should they be in a good condition.
For a fixed monthly fee, companies can benefit from having access to brand new vehicles without the initial capital overhead and, for a little bit extra per month, a hassle-free experience with maintenance and other running costs included as part of the contract. Plus, if the vehicle is used wholly for business purposes, any VAT paid can be reclaimed.
Flexible leasing profiles enable your business to invest in a fleet of brand new vehicles equipped with the latest technology on terms that suit its needs without a huge initial cost.
Click here if you would like to browse vehicles available on a business contract hire agreement.