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What is Business Contract Hire

Business Contract Hire

Considering the best car finance options for your business needs? Here at Eastern Western Leasing, we have contract hire cars that meet every requirement – whether for a corporate business or a sole trader. Car leasing can benefit your company in a number of ways, and it is a popular option for many. But before making any decisions, here’s everything you need to know about business contract hire.

What is business contract hire?

In a nutshell: a business contract hire (BCH) is a long-term arrangement which allows a business to pay to lease a car or van over an agreed amount of time. Unlike with a business contract purchase, when the leasing contract finishes, the car is returned to the leaser.

How does business contract hire work?

A business contract hire involves paying a fixed monthly rental cost over a set number of months (usually between 24 and 48 months). This amount is determined by the cost of the vehicle and length of contract. It also sets an annual mileage limit; you will likely pay an extra fee if this is exceeded when returning the car. For most types of BCH, payments are tax-deductible for corporation tax purposes. An experienced member of our friendly team will be able to outline all the business contract hire tax implications to you.

Why is business contract hire a good option?

Car and van leasing is popular because it provides access to a vehicle without any of the trouble that comes with actually owning it. Firstly, the monthly rate is usually lower than paying to own a vehicle. This fixed rate also includes the leasing service, maintenance, servicing and road tax, and companies can claim back 100% of the VAT. There’s also no need to worry about depreciation risk at the end of the contract, and you don’t need to deal with the trouble of selling the car. A business contract hire also gives you the flexibility to change vehicles every few years. The leaser is also able to handle all documentation that comes with a car, including tax discs, MOT certificate and number plates – which saves you a lot of admin work.

Business contract hire vans and cars at Eastern Western Leasing

From business contract hire Audis to business contract hire BMWs, we have a brilliant range of vans and cars available to lease. Other leading manufacturers included in the range include Peugeot, Fiat, Vauxhall, Toyota and Ford. Take a look at the full collection on our website then contact our team to speak about the finance options available to you.
•    Browse Business Contract Hire deals on vans
•    Browse Business Contract Hire deals on cars

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