Business Contract Hire
Business Contract Hire offers fixed monthly costs without financial risk. The running cost of cars and light commercial vehicles is one of the biggest expenses most businesses face. Add to that the risk of depreciation, and it’s no wonder Business Contract Hire is such an appealing option. Whether a customer is running a single vehicle or a large fleet, contract hire enables them to control one of their biggest expenses.
Features and Benefits of Business Contract Hire
Your initial rental can be as little as 1 monthly rental in advance. The higher the initial rental, the lower the cost of each subsequent monthly rental. Most customers pay an equivalent of 3 monthly rentals in advance, but further increasing the initial rental is a good way of achieving a certain monthly budget.
The monthly rentals are determined by the vehicle type, initial rental amount, contract term and mileage allowance. Contract terms run from 24 months to 60 months. Generally the longer the contract term, the lower the monthly rentals.
At the end of the contract you have 2 options:
1. You can hand the vehicle back (Collection is free from any UK mainland address)
2. You can request a quote and extend the contract for a further 6 or 12 month period.
Your Yorkshire Fleet account manager will contact you 6 months prior to the contract end date to discuss your requirements. If you require a replacement vehicle, we will coordinate the collection of your current vehicle to correspond with the delivery of your new one.
Things to Remember About Business Contract Hire
