Business Contract Hire & Finance Lease: subject to VAT which can be reclaimed providing the vehicle is wholly used for business.
Personal Contract Hire: include VAT
Payment Terms:
Contract Hire
Examples based on advance initial rental multiple or cash amount (VAT excluded/included subject to status) followed by individual spread monthly rentals (as indicated). Rentals exclude maintenance, relief vehicle and breakdown cover (unless specified). Contracted annual mileages (as indicated) with excess mileage charges applying.
Finance Lease
Examples based on advance deposit followed by individual spread monthly rentals and, final balloon payment (as indicated). Documentation fee applicable. Client is responsible for the disposal of the vehicle at the end of the agreement to a third party, of which 95.0% excess sales proceeds are returned to the client.
Example rentals do not constitute a contractual offer and are subject to status, availability and changes in vehicle price, supply terms, law and interest rates. Images for illustration purposes only. E&OE.