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Contract Hire

Contract Hire 

Contract Hire is the most common way for a business to operate motor vehicles. It is the simplest method for fi xing all of your business motoring costs into one monthly payment. Mileage and duration terms are flexible and tailor made to fi t your company’s needs, maintenance and all elements of servicing of the vehicle are included in the fi xed monthly payment.

We specialise in and offer a full range of vehicle leasing and fleet management services to the smallest of sole trades to the largest of corporate fi rms in Ireland and abroad. All types of vehicles are available including commercials up to 3.5 ton from any manufacturer of your choice at competitive terms. The benefits of Contract Hire are:

1. Fixed Monthly Costs

Contract hire is a fixed-cost form of motoring. For a set monthly payment, you get the use of a vehicle for an agreed duration and mileage that suits your business. A monthly budgeted amount empowers the company to keep track of payments.

2. No Risk

Most vehicles will lose value from the moment they leave the showroom. In a contract hire deal, you return it to us at the end of the contract period, and we take the residual value risk.

3. Off Balance Sheet Funding

Vehicle leases do not have to be shown on a balance sheet, which will improve a company's liquidity ratio, gearing and return on assets. There is a better return on equity than a depreciating vehicle.

4. Free Up Capital

Leasing a vehicle instead of purchasing it means you are not tying up capital in a rapidly depreciating asset. You can invest the money that you are not paying upfront in growing your business or reducing debts.

5. Purchasing power

While your business may have a fleet of ten, fifty or even a few hundred vehicles, we are used to buying thousands each year. We can negotiate great deals with manufacturers and pass the savings on to you in the form of a very competitive leasing rate. Cars/Commercial vehicles can be changed regularly, allowing fleets to run the latest vehicles thus maintaining a highly visual company profile.

If you would like us to prepare some free, no obligation comparisons for your own company please contact us. We will be delighted to help.

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