Funding

Contract Hire

Business Contract Hire (BCH) (also known as Operating Lease)

If you operate company vehicles, Business Contract Hire (or Operating Lease as it is more familiarly known by Mercedes though this only includes the first years’ road tax) may be the perfect solution for your financing needs especially if you are VAT registered. Business Contract Hire is available to sole traders, partnerships and limited companies (subject to status) looking for a low cost, low risk financing option that provides all the benefits of leasing a high quality vehicle without any of the responsibilities of ownership.

  • Total budgetary control with one fixed rental every month over a pre-determined period
  • No capital expenditure other than deposit (usually 3 months’ rentals)
  • Repayment period between 18 to 60 months
  • Rentals allowable against taxable profits
  • Monthly payments are subject to VAT which is recoverable
  • Road fund licence included in the rental (except Operating Lease)
  • Your business gains an additional line of credit
  • Fixed maintenance packages available to include full servicing, repairs and tyres

Personal Contract Hire (PCH)

Personal Contract Hire has many of the advantages associated with Business Contract Hire but tailored for private individuals looking for a low cost option with none of the problems associated with ownership. Also available as an Operating Lease through Mercedes.

Manage your personal budget with one fixed rental every month over a pre-determined period

  • No large initial deposit required
  • Flexible repayment periods to suit your requirements
  • Road fund licence included in the rental (except Operating Lease)
  • Fixed maintenance packages available to include full servicing, repairs and tyres for further peace of mind

Additional Benefits

  • Whether Business or Personal Contract Hire, at the end of the hire agreement you simply hand the vehicle back (subject to any charges for excess mileage or damage outside normal wear and tear)
  • Tax disc and MOT reminders are sent to you as and when required
  • By including a guaranteed residual value of the vehicle, the supplier is able to reduce monthly rentals ( we can advise you on vehicles with lower depreciation and higher residual values)

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Do you have more questions or want to talk to someone?

We are not a faceless internet company, we'd love to discuss your requirements, offer advice and answer any questions you may have regarding the purchasing your next car. We can help you get finance, arrange insurance and even manage your fleet! Call us on 01202 392141 or 07576 353636

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