Business Finance

Contract Hire is designed for businesses requiring fixed monthly rentals with no risk of depreciation or disposal worries. You can include a wide range of additional options, leaving you free to concentrate on running your business. We recover VAT on the vehicle, resulting in lower rentals for Hendy Business customers.

Many businesses find that regular fixed monthly rentals help with budgeting, cash flow and forecasting, leaving your capital free for other purposes. Fleet management services can be offered, thus reducing your administration time and costs.

Features and Benefits:

• • Fixed rentals for the full contract period based on a set annual mileage which you determine

• • Repayment periods can be monthly, quarterly, half yearly or annually

• • Vehicle Excise Duty and Assistance included for the duration of the contract

• • Can include optional maintenance package

• • Rentals can be offset against taxable profits for maximum tax efficiency

• • All of the VAT paid on rentals is recoverable for commercial vehicles

• • 50% of the VAT paid on rentals is recoverable for cars where there is any private use of the vehicle

• • At the end of the contract, provided the terms of the agreement are fulfilled, simply return the vehicle to us

Finance Lease is an excellent option if you want fixed monthly rentals, and do not need to own the vehicle.

With a Finance Lease, you pay fixed monthly rentals. At the end of the lease, the sales proceeds are repaid to you as a rebate of rentals. We can help you to reduce your monthly rentals by agreeing an anticipated future value on the vehicle (known as balloon rental).

Features & Benefit:

• • Initial outlay 3 or 6 months rentals in advance

• • Repayment periods can be monthly, quarterly, half yearly or annually

• • Contract length decided by you - maximum 60 months

• • Ability to tailor the final rental to suit your budget

• • Rentals are allowable against profits reducing your tax liability

• • All of the VAT paid on rentals is recoverable for commercial vehicles

• • 50% of the VAT paid on rentals is recoverable for cars where there is any private use of the vehicle

• • Monthly costs are fixed

• • Normal depreciation risk

This is when you buy a vehicle(s) without a leasing agreement and with one payment. This is the simplest way to purchase a vehicle or fleet of vehicles. The cash price of the vehicle(s) is paid upfront, which saves you money on paying interest on monthly payments, as there are none.