Contract Hire is a vehicle finance method designed for maximum benefit for VAT registered customers – up to 100% of VAT can be reclaimed provided there is no element of personal use involved though 50% can still be reclaimed if personal use is required.

The vehicle is hired for an agreed period of time, usually between 12 and 60 months and a fixed rental is paid based on the mileage. Contract Hire can include full maintenance to cover routine servicing, tyres etc. or can be for the hire on its own. At the end of the contract the vehicle is simply returned to the finance company with no vehicle disposal or depreciation risks or hassle.

Up to 100% of rentals can be offset against taxable profits; minimum capital outlay is required improving cash flow and allowing for more accurate budgeting; the vehicle is off balance sheet; road fund licence and breakdown cover are included and full ongoing support is provided by Western Saab Lease Deals.