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.
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.
The service was refreshing to say the least. Bilaal is very helpful and always comes back to you
Response back quickly, gave me options, and was polite.
Thank you so much for organising a car for my fastidious neighbour and dealing with him in such a professional and patient manner- he was really impressed!
I also want to thank you for the professional and friendly way you have dealt with the contract for my own car which is due for delivery shortly.
Thought the A7 was a good car but this is just a different league!!
I feel like a super star in it!!!
Byron was professional and knowledgeable throughout and nothing was too much trouble. Can't speak highly or recommend him enough!
Thank you so much for your exceptional efforts to ensure that I received my car today. I know that it was a tall order but I am very pleased and all went according to plan today.
I know that people often don't seem to appreciate all the work that people put into these things but please believe me when I say that I am very, very grateful.
If you have a manager that you can pass this message on to, please do so - in this day and age people always forget to say when service is good.
Thank you so much.
Thank you for an excellent service. Everything was great and spot on.
I had been looking at new Jaguar F-Pace for a few weeks, but the prices from other leasing companies was putting me off.
I had a good conversation with Chloe. She delivered me a quote on a basic model and the fully spec'ed up model I ideally wanted. The price was less than what I was currently paying for my current car. I sent over the order the following day! She followed everything through with me, including the changing of my personal licence plate to the delivery date.
I couldn't ask for anymore! Thank you!
Very happy with the service I have received so far.
Bilaal was very helpful and the whole process of ordering my new car was completely stress free. I hope the rest of the process is just as easy!
Thank you for sorting out the new van! It drives like a ferrari!
The service which I have received was excellent. He kept me informed and promptly answered all my questions in a helpful manner.
I would not hesitate to recommend your company to anyone.
* All vehicle images and car descriptions on this site are for illustration and reference purposes only and are not necessarily an accurate representation of the vehicle on offer.
T: 0116 402 6500
Meridian Business Park
Total Motion Limited TA Total Motion Vehicle Management are a credit broker and not a lender, we are authorised and regulated by the Financial Conduct Authority. Registered No : 669460
Registered in England & Wales with company number : 4659477 | Data Protection No : Z8638428 | VAT No : 754 337 521
Registered Office : Southpoint House, Harcourt Way, Meridian Business Park, Leicester, LE19 1WP
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