21st Century Motors Limited

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03333 70 2121

 

What is Business Contract Hire?

BUSINESS CONTRACT HIRE

A simple and cost-effective way to fund any number of vehicles

Contract Hire, sometimes referred to as an Operating Lease, is a long term rental agreement. Contracts range from 12 to 60 months and are tailored to the businesses requirements.


Advantages:

  • Minimum capital expenditure
  • Accurate monthly budgeting
  • Improved cash flow
  • Fixed interest rates
  • Rentals can be offset against the businesses profits. Cars with a CO2 output above 130g/km are currently subject to a 15% disallowance on the amount of the rental that can be claimed against the businesses taxation, for contract-hired cars with a CO2 output of 130g/km or below, there is currently no disallowance.
  • Reduced administration
  • On-going advice and support
  • Road Fund Licence provided (vehicle excise duty paid) for duration of contract
  • Optional maintenance package
  • Optional breakdown rescue cover
  • Optional replacement vehicle cover in event of breakdown
  • Optional GAP insurance which provides cover for the shortfall between the outstanding finance and the insurance value if the vehicle is declared a write-off by your insurance company


Disadvantages:

  • Early termination can be expensive
  • If you do more miles than stated in your contract you will be charged excess mileage for each mile over that stated in your contract
  • You must look after the vehicle and return it in a well maintained condition otherwise you will be charged for any damage over and above that stated in the 'Fair Wear and Tear Guide'
  • You must have fully comprehensive vehicle insurance
  • You will never own the vehicle as there is no option to buy it


More Information on Business Contract Hire:

The Contract Hire Company reclaims the VAT on the original purchase, which reduces your monthly rentals (which are + VAT). Contract Hire is a very popular choice for VAT registered companies as they can claim back 50% of the VAT on the finance element for cars and generally 100% for commercials (subject to no private use, no exempt turnover and not being on the Flat Rate VAT Scheme).

On contracts with maintenance the VAT on the service element is 100% recoverable. One of the major benefits is that there are no disposal worries as the future value is underwritten by the leasing company. Another benefit of Contract Hire is that it is generally 'off balance sheet funding' (subject to legislation change) which means it can improve your gearing ratio (assets to borrowing ratio) and therefore possibly your borrowing ability in the future.


Car Lease Deals

21st Century Motors Limited have one of the UK's largest variety of specials leasing deals on cars, vans and pickups. Established in 2014, we have an endless list of loyal and satisfied customers which you can see for yourself by reading our reviews, who are situated throughout the United Kingdom. We can deliver our lease deals wherever you are!

Supplying vehicle lease throughout the UK is also a huge benefit of ours as we are not limited to the local area, we deliver nationwide. We are redefining the supply of brand new vehicles by operating entirely online and contactless. Allowing many customers who would normally need to visit a dealership, the ability to make a phone call and speak to a real person at almost any time. With an industry-leading response time, you can be confident that we are not only offering you some of the most competitive leading rates in the market, however we ensure that you receive a first class customer experience.  This is backed up by our 5 star Google Reviews.

Abarth car leasing
Alfa Romeo car leasing
Audi car leasing
BMW car leasing
Citroen car leasing
CUPRA car leasing
Dacia car leasing
DS Automobiles car leasing
Fiat car leasing
Ford car leasing
Honda car leasing
Hyundai car leasing
Jaguar car leasing
Jeep car leasing
Kia car leasing
Land Rover car leasing
Lexus car leasing
Maserati car leasing
Mazda car leasing
Mercedes-Benz car leasing
MG Motor UK car leasing
MINI car leasing
Mitsubishi car leasing
Nissan car leasing
Peugeot car leasing
Porsche car leasing
Renault car leasing
SEAT car leasing
Skoda car leasing
Ssangyong car leasing
Subaru car leasing
Suzuki car leasing
Tesla car leasing
Toyota car leasing
Vauxhall car leasing
Volkswagen car leasing
Volvo car leasing

Electric Car Lease Deals

Hybrid vehicles usually come with a petrol or diesel engine, and are accompanied by an electric motor too. This allows the vehicle to utilise both electric and combustion motors, which reduces the CO2 emissions and can offer better fuel economy. Hybrids come in various forms, from Mild Hybrid Vehicles [MHEV], Hybrid Electric Vehicles [HEV] and Plug-in Hybrid Electric Vehicles [PHEV]. They are a great alternative to taking the plunge and opting for a full electric vehicle, allowing you to keep your re-fueling routine pretty much the same whilst potentially driving a greener and fuel saving motor. 

Electric vehicles run purely on electric, meaning they produce ZERO CO2 emissions. In terms of running cost, they are one of the cheapest. With some vehicles allowing 300+ miles on a single full charge, the electric vehicle is fast becoming a popular choice on today's UK roads.

Vans & Pickup Lease Deals

Whilst we have a vast choice of car leasing deals, we are also providing our customers with industry leading prices for commercial vehicles such as vans and pickups. There is not a vehicle we cannot quote on so please click here to request a tailored quotation. We will then do all we can to provide you with the best deal, along with our extremely easy and simple approach. Allowing you to order a brand new vehicle, fast, efficient, with a no jargon approach. 

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Google rating 4.9 | 26 reviews
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21st Century Motors - Vehicle Leasing Specialists

Telephone : 03333 70 2121

Member number 2223

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21st Century Motors Limited are a credit broker and not a lender, we are authorised and regulated by the Financial Conduct Authority. Registered No : 682528

Registered in England & Wales with company number : 08901938 | Data Protection No : ZA105350 | VAT No : 214205361

Registered Office : 16a Cann Bridge Street, Preston, PR5 4DJ

Disclaimer: All vehicle images and descriptions are for illustration and reference purposes only, all vehicle leases are subject to credit approval and subject to change at any time. E&OE.

Copyright © 2021 21st Century Motors Limited, All rights reserved.