26th Jul 2017 - We compare thousands of the best lease car and van leasing deals for business and personal users every week. Our lease comparison website is handy, but if you can’t find the vehicle that you are after, or want a more personal touch, call the CarLease247 team on 0333 444 1 247 - DEAL OF THE DAY - Volkswagen Golf 1.4 TSI GTE 5dr DSG from £200 per month BCH or £240 per month PCH - 6 months followed by 23, 10kpa!!!
A simple and cost effective way to fund any number of vehicles
Contract Hire, sometimes referred to as an Operating Lease, is a long term rental agreement. Contracts range from 12 to 60 months and are tailored to the businesses requirements.
Minimum capital expenditure
Accurate monthly budgeting
Improved cash flow
Fixed interest rates
Rentals can be offset against the businesses profits. Cars with a CO2 output above 130g/km are currently subject to a 15% disallowance on the amount of the rental that can be claimed against the businesses taxation, for contract-hired cars with a CO2 output of 130g/km or below, there is currently no disallowance.
On-going advice and support
Road Fund Licence provided (vehicle excise duty paid) for duration of contract
Optional maintenance package
Optional breakdown rescue cover
Optional replacement vehicle cover in event of breakdown
Optional GAP insurance which provides cover for the shortfall between the outstanding finance and the insurance value if the vehicle is declared a write-off by your insurance company
Early termination can be expensive
If you do more miles than stated in your contract you will be charged excess mileage for each mile over that stated in your contract
You must look after the vehicle and return it in a well maintained condition otherwise you will be charged for any damage over and above that stated in the 'Fair Wear and Tear Guide'
You must have fully comprehensive vehicle insurance
You will never own the vehicle as there is no option to buy it
More Information on Business Contract Hire:
The Contract Hire Company reclaims the VAT on the original purchase, which reduces your monthly rentals (which are + VAT). Contract Hire is a very popular choice for VAT registered companies as they can claim back 50% of the VAT on the finance element for cars and generally 100% for commercials (subject to no private use, no exempt turnover and not being on the Flat Rate VAT Scheme).
On contracts with maintenance the VAT on the service element is 100% recoverable. One of the major benefits is that there are no disposal worries as the future value is underwritten by the leasing company. Another benefit of Contract Hire is that it is generally 'off balance sheet funding' (subject to legislation change) which means it can improve your gearing ratio (assets to borrowing ratio) and therefore possibly your borrowing ability in the future.
With business contract hire, it is always important to shop around as there are many ways of securing a great deal. We tray and take away the hassle by comparing car lease providers so you don’t have to. Whether you want to lease your next company car or if you want a personal lease for yourself or your family, we are here to help. There are hundreds of dealers and leasing companies, so we take thousands of car and van lease deals and compare them for you with are lease comparison engine. Once we have compared the leasing deals, we only display the best ones for you. If you can’t find what you want on the site, get in touch there are no cars that we can’t do and often we can improve on the lease rate from CarLease247 on the day.
A big thank you to the CarLease247 team. Leasing the Tesla proved to be a bit more of a challenge than other cars as the services offered by Tesla to make the ownership experience a good one have to be managed through the whole process. CarLease247 really helped here.
Thank you to the folks at carlease247 for helping me navigate the process of leasing my new car. The process does involve quite a few different businesses (dealer, finance company etc) but Ross made sure I was looked after along the way!!
Thanks Julie for all your efforts. Brilliant service.
I thought the process was a little bit more complicated than I thought, but not overly so. The team at carlease247 guided me through the process and posted to the things to look out for.
Just wanted to say thanks for all the hard work that you have put into getting us exactly the car that we wanted. Keeping us informed over a bank holiday was a special touch!