Contract Hire
Contract Hire is similar to an operating lease but it includes a maintenance package for the asset. Contract hire agreements help to make budgeting easier as it is a fixed running cost. With a contract hire you do not have to pay the VAT in full up front instead it is added to each rental payment instalment which can be offset against the taxable profit to your business.
At Caledonia Asset Finance we have the expertise to help you select the right contract hire option for you, so you can afford what you need.
Contact us about a Contract Hire agreement
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Frequently asked questions about Contract Hire Agreements
With a contract hire do I own the asset?
No, with a contract hire you do not own asset. You pay a monthly rental to use it.
What assets are available under a contract hire?
A contract hire agreement is available for commercial vehicles and commercial equipment.