CONTRACT HIRE

Also Known as an Operating Lease this scheme offers vehicles for a fixed term and fixed cost rental that can also include all Service and Maintenance.

FEATURES

FIXED COST MOTORING

You know exactly how much the cost of your motoring will be each and every month allowing you to budget accurately.

ONLY AGREEMENT OFFERING OFF-BALANCE SHEET FUNDING

The vehicles remain the property of the Contract Hire company so therefore do not appear on your balance sheet as a fixed asset, often allowing a greater return of fixed assets should your company be declaring profits.

VEHICLE ADMINISTRATION REDUCED

Allied Capital use their expertise in the acquisition, maintenance and disposal of any vehicles allowing you more time to concentrate on your business.

TAX and VAT ON RENTALS RECOVERABLE*

50% of the VAT on rentals is recoverable if there is any Private use of a vehicle and 100% on the Maintenance element. Up to 100% of monthly payment can be offset against tax.
* Subject to Article 7 (2)(A) of the VAT {Input Tax} Order 1992 {As Amended}