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Contract HireContract Hire is exactly that - a contract to hire the vehicle for a set period of time.Businesses like it because it's an affordable method of financing company vehicles which is also quite straightforward when it comes to tax claims. If VAT registered they can also claim back some of the VAT element as well. When it come to a personal deal though it's usually better to look at options such as PCP as it's more flexible than contract hire. However a growing number are switching to contract hire because it is a nice and simple financing method where you don't need to worry about the hassles of buying and selling. You can also choose to include maintenance cover with the monthly payments, which will cover routine servicing and renewals such as tyres etc. One other advantage is that you will normally also get road tax paid for the full term of the deal. At the end of the contract you simply hand it back and provided there is no damage to the car and you have kept within the agreed mileage limit there will be no further charge. For more info and current deals on offer we have a specialist contract hire site at www.cheap-contract-hire-cars.co.uk |
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