Questions and Answers

1) What is the maximum mileage allowed per calender year ?

2) My company is not limited, am I still eligable for contract hire ?

3) How much of the Vat can be reclaimed ?

4) If I take a non maintained contract hire agreement, do I have to use a main dealer for sevicing ?

5) Where do I pick up my vehicle?

6) If I have a maintenance contract, what is included ?

7) What is the benefit to my company to taking a fully maintained contract ?

8) How much of the VAT can be reclaimed on a fully maintained contract ?

9) Do you deal with private individuals or is it for companies only?

1) What is the maximum mileage allowed per calendar year?

With most contract hire companies, you are allowed a total of 120,000 miles for a petrol car and 150,000 for a diesel car over the full contract term.

2) My company is not limited, am I still eligible for contract hire?

Yes, as long as the company is Vat registered. If not we would advise a more suitable product.

3) How much of the VAT can be reclaimed?

For cars, up to 50% of the VAT on the finance element can be reclaimed. For commercial vehicles, 100% can be reclaimed

4) If I take a non-maintained contract hire agreement, do I have to use a main dealer for servicing?

No you do not, but remember you may invalidate your manufacturers warranty by incorrect servicing of your vehicle.

5) Where do I pick up my vehicle?

You new vehicle will be delivered directly to your door

6) If I have a maintenance contract, what is included?

A full maintenance contract includes, all routine servicing, unlimited tyres, bulbs, batteries, exhausts and any mechanical/electrical components which fail. This only applies if routine servicing has been adhered to and failure is not due to any accidental or deliberate damage.

7) What is the benefit to my company to taking a fully maintained contract?

The main advantage will be fixed cost motoring, which almost eliminates any unexpected costs.
A fixed budget can be set against each individual vehicle.

8) How much of the Vat can be reclaimed on a fully maintained contract?

All of the VAT element on the maintenance can be reclaimed.

9) Do you deal with private individuals or is it for companies only?

No, we cater for the private motorist as well! More and more people are finding the benefits of Personal Contract Purchase or PCP as it is known.

To find out more about any of our services, complete our quotation request form or contact
us here.

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