Business Contract Hire

Contract Hire is a very popular choice for V.A.T. Registered Companies with a high percentage choosing this funding method.

Having minimum outlay and maximum control of costs, coupled with Tax Advantages and reduced administration,  enables businesses to budget more accurately.  Contract Hire is available to Sole Traders, Partnerships, Limited and plc. Companies.

Finance / Taxation Benefits

•  Accurate monthly budgeting
•  Flexible terms to meet your requirements, variable duration and mileage terms.
•  Maintenance of vehicles can be included in monthly rentals, spreading the cost
•  Road fund licence included
•  Removes depreciating assets from the company balance sheet
•  Minimum capital expenditure
•  Fixed interest rates
•  Rental allowable against taxable income  
• 50% of the V.A.T. on the Finance element is reclaimable, with the balance allowable against Company Taxation
•  100% of the V.A.T. on the Maintenance element is reclaimable  

Operating Benefits

•  No vehicle disposal problems
•  Vehicles are delivered and collected from an address of your choice
•  Reduced Administration
•  On-going advice and support
•  Optional breakdown and replacement vehicle cover

Business Contract Purchase

The principal difference between Business Contract Hire and Business Contract Purchase is the following:  

•  The vehicle shows as an asset on the company balance sheet
•  A figure has been agreed at the beginning of the contract to purchase the vehicle at the end of the contract, with a final balloon purchase payment.
•  You still have the option to hand the vehicle back at the end of contract without paying the final balloon purchase payment.

Personal Contract Hire

Personal Contract Hire delivers all the benefits of a company car to the private individual. Personal Contract hire gives the user a fixed monthly rental for a fixed contract term. At the end of the contract term you hand the car back to the finance company, no need to sell the vehicle privately or worry about its value.

The benefits of Personal Contract Hire :

•  Low initial outlay
•  Flexible deposit
•  Choice of rental period
•  No final payment
•  Fixed monthly rentals
•  Optional maintenance contract
•  No disposal problems
•  Optional relief vehicle
•  Road fund licence included for the full contract length
•  No residual risk

50 / 50 Plan  

The special 50/50 plan is unique to Hacfield Leasing - ideal for employees not wishing to commit for a long term at the outset - for example for contract staff or new employees on a probationary period.

The Hacfield 50/50 plan is essentially a short term contract hire deal for six months, which can be converted to a full contract after six months. If that's not flexible enough - Hacfield will reimburse you 50% of the six month rental rate against the balance of your contract if you keep the car for a further 30 months!

This special deal is available on a wide range of vehicles - call us for an individual quotation tailored to your requirements....

Reduced Contract Liability

If your new employee is deemed satisfactory we allow 50% rebate of initial short term hire rental against the next 30 months. If the new employee does not suit your position we will reimburse you 50% of the six months rental rate against the balance of your contract if you keep the car for a further 30 months

Example

Ford Mondeo 2.0 TDCI LX 130 PS 5 Door Hatch
1st 6 months @ £650pm. Total £3948
Profile 1+5

Next 30 months @ £278.20pm 50,000 miles instead of our standard £344.30pm rental Saving you £1974 or 50% of initial 6 months rental