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Business Contract Hire
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Are you a VAT registered company?
If the answer is yes, then Business Contract Hire (BCH) may be an option for you as you as you can claim 50% of the VAT on the cost of renting a vehicle.
Business Contract Hire allows you to enjoy the use of the vehicle without any financial risk of ownership. At the end of the term you return the vehicle. It offers a hassle-free way for VAT registered companies to drive vehicles, the vehicle will not be owned by the business and will be the property of the leasing company. What's more, VAT registered companies are able to claim 50% of the VAT on the cost of renting the vehicle.
The Road Fund Licence cost will be included with your monthly payments too.
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KINTO One Contract Hire gives your business all the benefits of driving a new Toyota, without having to own one. It’s stress-free, all-inclusive and it’s packaged into one fixed, transparent monthly fee.
It’s quick and easy to get started. Simply choose the length of term that’s right for you, add one of our attractive maintenance packs, collect your car and away you go.
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Benefits of Business Contract Hire
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THE VEHICLE
- You won't need to worry about ownership, depreciation of the vehicle, or selling/disposing of the vehicle as the providers are owners.
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COSTS
- Fixed monthly payments to make it easier to budget.
- Low cost initial payments.
- VAT registered companies can claim 50% of the VAT.
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MAINTENANCE
- Maintenance options can be included within the monthly payments, that covers servicing, repairs and any other unexpected costs. 100% VAT can be reclaimed on maintenance charges.
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TRANSPARENT
- You can also include the Road Fund Licence within your monthly payments. No hidden costs or charges.
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For more information on our business finance options or to request a personalised quote, please contact your local SLM Toyota dealership today, or find out more below about our alternative funding options.
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