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Contract Hire and Leasing – why vehicle leasing is becoming such a popular choice…

Through the recession vehicle leasing gained vast popularity. However, long after the financial crisis has subsided vehicle leasing and contract hire is still going strong, and is a highly popular choice within the UK.

Contract Hire & Leasing has set a trend as people seem to feel more comfortable and confident to finance their vehicles this way, rather than coughing up astronomical figures to purchase the sought after vehicle of choice. A statistic check has shown that one out of every 4 vehicles that runs in city traffic has been taken out through personal vehicle leasing.

There are many people ready to purchase a vehicle, with the idea of buying rather than leasing simply because they are either financially able to purchase the vehicles for real money or unfortunately unaware of the Contract Hire and Leasing process.

Numerous positive points have been recognised and commended in the Contract Hire and Leasing world, with the growth of cars and especially van leasing becoming the more popular choice of financing.

Why is van leasing such a popular choice?

•Minimum capital expenditure
•Accurate monthly budgeting
•Improved cash flow
•Fixed interest rates
•Rentals can be offset against the businesses profits. Cars with a CO2 output above 130g/km are currently subject to a 15% disallowance on the amount of the rental that can be claimed against the businesses taxation, for contract-hired cars with a CO2 output of 130g/km or below, there is currently no disallowance.
•Reduced administration
•On-going advice and support
•Road Fund Licence provided (vehicle excise duty paid) for duration of contract
•Optional maintenance package
•Optional breakdown rescue cover
•Optional GAP insurance which provides cover for the shortfall between the outstanding finance and the insurance value if the vehicle is declared a write-off by your insurance company
•Taking out a vehicle particularly a van on lease has its advantages as you can simply exchange the vehicle for a new model once the contract time is up.
•Leasing takes a one off deposit which normally equates from 3-6 monthly payments upfront.
•You can keep multiple vans in your company fleet, at half the expense of just one!
•You can forget about capital outlays or a huge van loan in your name.
•As the lease terms are between 1-5 years, customers have the opportunity to explore new vehicle releases, with the possibility to acquire them to lease.

If you are contemplating taking a vehicle out on Contract Hire or Leasing for business or personal use. We are a reputed provider of vans and cars of all sizes at some of the lowest prices within the UK.

Call us today on 0845 4 900 400 or Click Here.

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Posted on 23rd September 2014 at 1:50 PM

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