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Contract hire has become the most popular way for businesses or private individuals to finance cars or vans. Unlike traditional ways of funding your vehicles, contract hire allows you to fix the cost of your motoring for the duration of the contract,  taking away the risks of depreciation. Coupled with the fact that a high proportion of the monthly rentals highly tax efficient. Consumers are now available to take advantage of the benefits of   Contract hire and leasing too, such as fixed monthly payments for the duration of the contract as well as the same fleet discounts that business has enjoyed for years. vehicle leasing In simple terms, think of a lease as the opportunity to rent the vehicle  of your choice, often new or nearly new, over a fixed period with the piece of mind of knowing that you can simply hand the vehicle back at the end of the term without the usual depreciation worries. Servicing and maintenance can also be added to your lease for an  additional monthly payment. It is important that you try and get the contract for your annual mileage as  close as possible to the actual, but don’t worry as there is often a provision with contract hire, to amend the mileage contract, part way  through or if all else fails then you simply pay the excess mileage charge at the end of the agrement. The cost of this is given to you at the start of the agreement so there shouldn’t be any shocks. At end of the, for example, Audi car leasing, agreement you can simply hand the vehicle back to the  leasing company with no risk to yourself. Audi contract hire Leasing a van on a Contract hire agreement is also very tax efficient  as you claim back 100% of the rentals against your taxable profits and  100% of the vat back on the monthly rentals. Registration of the vehicle is kept with the leasing company throughout the contract and in most cases they will simply  send the annual road fund licence to you, a few days before it is due. There can be an option to extend the BWM contract hire agreement at the end of the period but this is at the discretion of the leasing company. Sometimes this can be for 3, 6 or even 12 months and can be useful if  your new vehicle is ordered from the factory but is awaiting a delivery BMW contract hire

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