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In a Contract Hire Agreement, Johnson & Perrott Fleet provides a vehicle of your choice for an agreed period, typically 36 or 48 months in exchange for a fixed monthly rental charge. At the end of the contract hire period the vehicle is simply returned to, or collected by Johnson & Perrott Fleet. In addition to the basic contract hire agreement the client can also elect to avail of other add-on services such as contract maintenance and accident management.
Key Features
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Benefits
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- Fixed monthly contract hire cost for the full duration of the contract.
- Within a contract hire agreement Johnson & Perrott Fleet carry all the risks connected with the vehicle ownership (depreciation, maintenance, residual value).
- Off balance sheet funding as contract hire vehicles are owned by Johnson & Perrott.
- Contract hire term and contract hire mileage to suit the needs of your business.
- Contract hire enables companies to fund the vehicle maintenance net of VAT.
- Flexibility to switch vehicles your business owns to Contract Hire.
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- Contract hire ensures low initial capital outlay.
- Fixed cost budgeting and improved cash flow.
- Off balance sheet funding through contract hire can improve your company's gearing ratio.
- Contract hire ensures tax efficiency through VAT benefits.
- Contract hire represents the lowest risk method of operating a vehicle.
- Removes administration of supplying, servicing & disposing of your vehicles.
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