If you want to know the best and useful way for your business to get access to a car without the hassle of having to win is business contract hire legally. The process is nothing but you will have to pay some monthly rentals fees for the vehicle you took a lease from the leasing company. This type of car finance lets you lease a car for business for some months by the agreement and after the leasing period expires you have to return the vehicle without damage. These are the trendy and fashionable services in the entire UK.
Leasing a car or a vehicle will be the best option for business people who are going to hire a new van for their business needs. The process of business contract hire of a car is easy once you are eligible. It is the business-friendly version of personal contract hire. The only difference is you are leasing the car for your business for the business purposes rather than your phone and personal use.
You’ll pay monthly installments with interest and VAT, for a specified period, usually around two to five years after leasing a Van or Car. When your period of the agreement expires, you’ll give the car back to the company. There are limits to who can take out a business contract hire agreement; it’s not like finance companies hand out cars like sweets, after all. You should have some requirements and you should be eligible like you’ll need to be running a business of some kind and registered as either a limited or public limited company to benefit for the Business contract hire scheme.
When you’re applying for Business contract hire, you have to be able to provide proof of that too, so expect to be asked to dig out bank statements or accounts, proof of address, and ID for the main director. Companies have to verify that you are eligible for Business contract services. Maintenance packages can also be added to your contract which can cover the cost of servicing. You should be able to claim the cost of your monthly installments as a business expense, as well as fuel expenses, but the full amount you can claim will depend on its emissions and how much CO2 your car emits.
If your car has emissions higher than 130g/km, you’ll only be able to claim around 80% of the total back you spent on the vehicle. Your business will need to have a good credit record to benefit from a business contract hire contract which is the first thing to consider. “Van leasing” is one of the best and professional car leasing services and business contract Hire Services in Scotland. With our best services, we are going to achieve the best Business contract hire services, provider. Wherever you are in the mainland UK, we deliver your new van to your door completely free without any external delivery charges. With thousands of vehicles in stock and ready for immediate delivery, we can have your van at your door in just seven days.