Contract Hire

Contract Hire

Contract Hire is generally more suitable for business users as the payments attract VAT, which is obviously not reclaimable by private individuals, however, in some cases contract hire payments are so low that it is still worth considering.

Business users can claim back 50% of the VAT payable on monthly payments.

Contract Hire is what it says, it is the Hire of a vehicle over a set term, normally 2 or 3 years.

A deposit is paid upfront of typically 3, 6 or 9 payments followed by either 23 or 35 monthly payments.

The monthly payment is worked out based on the annual mileage the vehicle is expected to cover, penalties are charged if the vehicle has exceeded the set mileage at the end of the contract.

Contract Hire vehicles cannot be settled off mid-way through the Contract therefore you are contracted to pay all the payments to the end of the contract with no get out clauses.

Contract Hire vehicles cannot be settled off mid-way through the Contract therefore you are contracted to pay all the payments to the end of the contract with no get out clauses.

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What our customers are saying

The Team at Manchester Automotive are extremely helpful, very knowledgeable and will go the extra mile (pardon the pun) to find the right car, at the right price. Would thoroughly recommend them.

Dave Lofthouse, Cheshire

I’ve bought 2 cars from Manchester Auto and I’m definitely coming back for my next one!

Dave Cordwell