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Contract hire allows a business to rent a car for a predetermined period, which is usually 18 to 48 months
- Initial payment is normally 3 months, but others deposits are available
- You have the option of including full maintenance or no maintenance
- Road tax is included in the rentals
- All quotes are exclusive of VAT - 50% of the VAT is recoverable
- Monthly rental can be claimed against your company profits
- Cars with high residual values often show lower rentals than cheaper cars with a low residual value
Contract hire provides for the use of company vehicles through payment of a fixed monthly rental over a set period. If maintenance is included, the rental covers everything except fuel and insurance. The finance element of the rental covers depreciation and funding. Contract hire has re-emerged as a highly cost-efficient source of funding following recent changes to VAT regulations on company cars. Dial offers flexible contract terms and periods, as well as low-cost contract hire on nearly new vehicles.
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