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Contract hire is an ideal product for companies who
don't want the financial risk of running their own van fleets, and who are
looking to reduce the administrative burden of buying, servicing and disposing
of their vehicles.
Your company simply hires the vehicle for a
pre-determined period at a fixed monthly rate. We retain ownership of the
vehicles - and the risks associated with them - and at the end of the contract
they are returned to us.
The key benefits of contract hire to the business user are:
Off balance sheet funding
Under contract hire your vehicles do not appear on your company's balance
sheet as they are owned by us. The removal of capital assets from your balance
sheet can enhance a company's gearing (borrowing) ratio.
Fixed monthly cost
A fixed monthly payment is charged over the life of the contract and the initial
up front payment is normally just three month's rental. Fixed monthly costs for
the period of the contract makes budgeting much easier. In turn more accurate
budgeting improves your company's cashflow.
VAT Benefits
Contract hire has many VAT benefits in that we can claim back the VAT on the
purchase price of the new van. That means we pass on these benefits to our
customers. Once the vehicle is on the road, you can then claim back 100% of the
VAT on the rental.
Reducing your Financial Risks
Managing the risks involved in running a vehicle fleet is all important and
that's exactly what you can do when opting for contract hire. We take all the
risks involved in everything from residual values and maintenance to interest
rates. That leaves you to simply pay the monthly contract hire costs, insure and
fuel the vehicle.
Reducing administrative hassles
As you are not supplying, servicing and disposing of your vans, administration
for the fleet operator is kept to a bare minimum.
Wide choice of vehicles
We can supply all makes and models. Click
here for our online database.
What if I purchase my current fleet?
We have substantial experience in assisting our customers through the transition
from more traditional funding methods to contract hire. This can be achieved by
allowing us to purchase your current fleet from you, at an agreed price,
immediately enabling you to take advantage of the various financial and
administrative benefits for a fixed monthly rental.
For more details on our sale and leaseback
product click here.
Choosing a business contract hire vehicle with Webvans
is easy.
Either:
1. Go to our vehicle
search page
2. For a comprehensive ‘shopper’ by price or model of
all available vehicles, both new and nearly, from our central live database,
contact us now.
What next?
If you require a full explanation or help and guidance on any of the above you can phone us on 01908 262662 to speak to a member of staff. Alternatively, contact us for the Webvans Comprehensive Guide to Vehicle Funding.
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