In Brief - Contract Hire or Lease is an efficient way of funding the use of a vehicle without the cost of ownership. You benefit from being able to choose an initial payment, regular fixed monthly rentals and no worries about what to do with your vehicle at the end of the contract.
How It Works – Contract Hire for business is an especially tax efficient way of funding a business vehicle. This is because the monthly payments can be offset against taxable profits. The amount that can be offset is dependant upon the new retail price of the vehicle (please contact us for further details).
If your business is VAT registered, 100% of the VAT payable on the finance element of the monthly payments can be recovered where the vehicle is either a van or a car used solely for business purposes. Where the vehicle is a car used for business and private mileage, then only 50% of the VAT payable on the finance may be recovered.
You can also include a maintenance package within the monthly payments. This covers regular servicing costs and can also cover the costs of general wear and tear, making budgeting even easier. Please ask your Vauxhall Specialist for more details.
Features and Benefits
- You choose the vehicle you wish to drive, agree your annual mileage and decide your hire period of between 24 and 60 months.
- Payments are lower as they are calculated on the VAT exclusive price of the car or van
- VAT registered businesses can reclaim a portion of the VAT paid on rentals, and all of the VAT paid on optional maintenance rentals
- Low initial outlay options and regular rentals make things easier for budgeting
- VED (Road Fund Licence) is included for the duration of the contract
- By adding an optional maintenance package you can combine all your running costs together in one single monthly payment
- No worries about the possible future value of your vehicle as you simply hand it back at the end of the contract
- The UK's Number 1 Vauxhall Van Dealer
Private drivers can also benefit from a contact hire vehicle, please ask for more details if you are not VAT registered.
Pentagon are the number one Vauxhall dealer group in the UK, selling more Vauxhall vans than anyone else. Your local Vauxhall Business Centre team can supply your new Vauxhall van ready to go straight to work, all kitted out to your exact specification with ply-lining, roof bars, racking, signwriting and more. All available at competitive prices and you can spread the cost monthly.
To find out more about the New Combo Cargo range visit your nearest Pentagon Vauxhall Business Centre, call us on 0333 222 0424 or complete the online enquiry form.