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Contract Hire

For over three decades, Grosvenor has worked with clients to give cost-effective contract hire solutions – offering vehicles over a predetermined period and mileage at a fixed monthly rental, without depreciation risk or disposal issues.

The contract incorporates road fund licence and breakdown recovery whilst other ancillary products can be added – these include a full maintenance schedule, replacement vehicle, accident management and fuel cards.

Key Benefits

  • Accurate Cash Flow forecasting from fixed payments
  • Reduced administration
  • Zero risk on disposal
  • Reduced risk of losses on sales proceeds and expensive maintenance bills
  • No increase in company gearing
  • Liability removed from balance sheet
  • VAT on vehicle purchase redeemable – client benefits through cheaper rentals
  • Reclaimable VAT on finance element of rental – 50% of VAT reclaimable if private use of the vehicle
  • 100% VAT on services element can be recovered
  • Lease rentals for cars with CO2 Emissions less than 161 are fully allowable against Corporation Tax

In Summary, contract hire allows you to pay a set monthly fee with no depreciation risk or disposal issues. A full maintenance contract will prevent any unexpected repair costs.
 

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Call us today on 01536 536 536

“The team at Grosvenor has been invaluable to us with its advice and expertise around going green”

David Laurence, Tata Steel’s UK employee benefits manager, Human Resources

GET IN TOUCH
Call us today on 01536 536 536

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