Car Credit: Contract Hire is where a car is hired for a specific period of time, with a fixed rental paid based upon on the anticipated mileage. Basically, the higher the mileage accrued, the higher the rental fee will be charged. Contracts can be for the car hire only or include full maintenance. When the contract comes to an end, the vehicle is returned to the car credit company.
In terms of business use, contract hired vehicles can be offset against taxable profits and the VAT reclaimed - depending on the vehicle type and what it is used for. Therefore, contract hire is a popular option for companies who are Vat registered. A typical contract hire rental will consist of a 12-60 month contract, which will include mileage restrictions, an initial low rental fee and road tax.
As part of a major dealer group, we ensure our customers receive the best possible support from our dealer network and customer services team. We ensure your purchase experience is as smooth as possible whether your acceptance is for good or bad car finance. We handle your application from start to finish and are always here to help.
As part of a major dealer group, we ensure our customers receive the best possible support from our dealer network and customer services team. We ensure your purchase experience is as smooth as possible whether your acceptance is for good or bad car finance. We handle your application from start to finish and are always here to help.
Car Credit Assured is authorised and regulated by the financial services authority. Applicants must be over 18 years of age. Credit is subject to status and income. Written details are available on request. Credit only available on cars supplied by Bristol Street Group Ltd and its subsidiary companies. Typical finance example; cash price £5,499, deposit £499, amount of credit £5,000, total charge for credit £2,799, total amount payable £8,298, payable by 59 monthly payments of £125, followed by one monthly payment (inc application fee) of £424.