Business Contract Hire
Business Contract Hire is a popular choice among VAT registered business users; whether you are a director looking for a luxury vehicle to drive in for meetings or a larger business in need of a fleet of vehicles for your staff, BCH allows you to claim back 50% of the VAT for the supply of the vehicle.
BCH is based on a long-term, fixed contract suitable for sole traders, partnerships and limited companies. You agree to pay an initial rental charge followed by a fixed monthly charge for the duration of the contract. Contracts can range from 18months to 60months and once the contract is up, you return the vehicle to the finance company. It may be possible to extend the contract at the end, but this will be subject to the terms of the finance agreement.
Maintenance packages are available so that all servicing costs are covered for the duration of the contract.