Contract Hire was originally introduced as a fleet leasing product for business customers. Contract Hire for business is also known as "BCH" or just as a "business lease". Businesses who suit contract hire are looking for a long term rental contract (lease) that offers fixed payments for a set period of time.
Businesses also benefit from the asset not appearing on their financial balance sheet and are also able to reclaim a proportion of the VAT assuming they are VAT registered. This page aims to cover the key features, benefits and downsides of the product to help you make an informed decision.
Whether it's a new or existing fleet, our dedicated account managers can save your business time and money! Enquire today.