Contract hire on vans and trucks


Contract Hire on trucks and vans

Contract Hire Agreements.

We offer contract hire options on a wide range of commercial vehicles. So if its only a single small van or a fleet of large trucks, we can keep your business moving. Generally speaking a contract hire is a agreement lasting 3 months or longer. The customer pays a monthly fee and has use of the vehicle.

Benefits to Business users include:

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  • Low initial outlay.
    Buying commercial vehicles is a large expense, especially for companies that run a large fleet of vehicles. If the trucks are to be financed, it requires loan approval and limits the company from obtaining further finance for expansion or development. By leasing vehicles, the customer avoids a large up front payment or taking on of debt. As a result the contract hire customer does not face risk of interest rate rises on loans or a depleted bank balance.
     

  • No maintenance or mechanical breakdown costs.
    When you take a truck from us on contract hire, there are no hidden cost that can accrue. We supply the vehicle, the road tax, maintenance, tyres and the annual vtn/doe certificate. This allows the customer to focus on their core business.

  • Flexible fleet changes
    Business is unpredictable by nature. What was right at the start of the year may not be right now. Demand for commercial vehicle types can change quickly. We provide customers with the option of changing between vehicles at intervals that suit them, Some industries are seasonal so what is needed in summer may not be suitable for the winter.
     
  • Accurate financial forecasting
    With only a single monthly invoice, it is easy to forecast your transport costs for the year. The risk of hefty unbudgeted bill arriving is minimised. Also it makes the analysis of your transport operation far easier.
     
  • Lower administration costs
    Rather than having to deal with a multitude of companies for your commercial vehicle needs, you now only have to deal with one. A single point of contact and a single monthly invoice.
     
  • No vehicle disposal risk
    At the end of the hire period, you simply return the vehicle.
     
  • Avoid Depreciation costs.
    Commercial vehicles are costly and depreciate quicker than cars. By going on a contract hire agreement you avoid the depreciation of your business assets. The depreciation cost of vehicles can often exceed the contract hire cost. Which is why in the current economic climate it makes total sense to contract hire a commercial.