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Contract Hire

Welcome to the contract hire section at Derek Loane Motors

Contract Hire Benefits:

Contract Hire is an increasingly popular funding method for businesses due to the number of benefits it enjoys.

Fixed Monthly Payments-
Makes it easy for customers to budget and to control their monthly costs.

Low Deposit and Payments-
Enables them to free up capital to invest elsewhere in their business.

Eliminates Risk of Vehicle Depreciation-
No concerns over residual value of the vehicle at the end of the agreement.

Eliminates Risk on Maintenance-
(If guaranteed manitenance is taken) this prevents customer servicing, repair and tyre costs spiralling out of control.

Reduces Administration burden and costs-
RFL is included for each year of the contract so they don't need to worry about maintenance, servicing and disposal issues. Saving them time and money, so they can focus on their core business.

Hassle Free 24/7 driver Support-
By choosing Nissan Business Finance their drivers will receive 24/7 support 365 days a year by phone, email or internet.

Regular Renewal Cycle-
Allows your customers to promote a professional image by maintaining a young and modern fleet. It also gives your dealership the opportunity to renew your customers at a regular interval. 

Tax Efficient-
All or part of the rentals can be offset against taxable profits as the monthly rental shows as an expense on the customer's profit and loss account.  

VAT Efficient-
Unlike some traditional purchase plans, all or part of the VAT can be reclaimed. For LCVs, 100% of the VAT on the finance element of the rental may be reclaimed. For cars 50% of the VAT on the finance element of the rental may be reclaimed. 100% of the VAT on the maintenance element of the rental may be reclaimed for both LCVs and cars.

Please contact our Contract Hire Specialists:  JOHN SIMPSON