JAGUAR BUSINESS CONTRACT HIRE

A simple and cost effective way to fund any number of vehicles. Contract Hire, sometimes referred to as an Operating Lease, is a long term rental agreement. Contracts range from 12 to 60 months and are tailored to the businesses requirements.​​

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ADVANTAGES

• 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 replacement vehicle cover in event of breakdown
  
• 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

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DISADVANTAGES

• Early termination can be expensive
• If you do more miles than stated in your contract you will be charged excess mileage for each mile over that stated in your contract
• You must look after the vehicle and return it in a well maintained condition otherwise you will be charged for any damage over and above that stated in the 'Fair Wear and Tear Guide'
• You must have fully comprehensive vehicle insurance
• You will never own the vehicle as there is no option to buy it

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EXPLORE JAGUAR BUSINESS FINANCE OFFERS

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MORE INFORMATION ON JAGUAR BUSINESS CONTRACT HIRE

The Contract Hire Company reclaims the VAT on the original purchase, which reduces your monthly rentals (which are + VAT). Contract Hire is a very popular choice for VAT registered companies as they can claim back 50% of the VAT on the finance element for cars and generally 100% for commercials (subject to no private use, no exempt turnover and not being on the Flat Rate VAT Scheme).