Car Leasing and Contract Hire

Car Finance and Taxation Issues

FINANCE / TAXATION ISSUES
Meeting your requirements
Contract Hire
Personal Contract Hire
Improved cash flow due to fixed monthly payments
Accurate monthly budgeting
Fixed interest rate
Minimum capital expenditure
Capital allowance available
Rental allowable against
taxable income
VAT chargeable on rentals
VAT recoverable on monthly basis
VAT recovered on purchase cost by funder and passed on to customer on lower rentals
No depreciation risks
Flexible contracts-mileage can be rescheduled
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BENEFITS
Meeting your requirements
Contract Hire
Personal Contract Hire
No vehicle disposal problems
Reduced administration
On-going advice/support
Road fund licence provided
Breakdown rescue cover
Replacement vehicle in case of breakdown
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**
Fixed charge maintenance
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**
VAT chargeable on services
VAT recoverable on services

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Optional (except when provided by manufacturer)
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Mileage on contract hire and personal contract hire agreements can sometimes be rescheduled provided there is at
least 6 months left before the vehicle leasing agreement is due to terminate.

Contract Hire and Personal Contract Hire

The above tables show the comparison between business contract hire and personal contract hire and which benefits are linked to each type. 1st4 provide “contract hire” and “personal contract hire” types of car leasing.

1st4 Contract Hire National Sales Office Tel: 0344 561 7199

car leasing

1st4 is a credit broker not a lender and is authorised and regulated by the Financial Conduct Authority.
FCA Firm Reference Number 651746.
VAT No 831255058.
1st4 Car Leasing Southport, Merseyside, PR9 9BY, United Kingdom. 0344 561 7199 , http://www.1st4contracthire.co.uk/ 1st4 Car Leasing specialise in cheap car leasing and contract hire for both Business and Personal users.