Finance

Contract Hire

Contract Hire is ideal for companies who don’t want the financial risk of running their own vehicle fleets and who are looking to reduce the administration burden of buying, maintaining and disposing of their vehicles.

With VRS Motor Finance the user specifies the anticipated annual mileage and hire period, then pays a fixed monthly rental.

Under a full maintenance agreement the customer would only be responsible for fuel, insurance, and accident damage. All other various services, i.e repairs, replacement tyres etc. would be covered under the agreement.

What are the benefits?

• Fixed monthly rentals
• Rentals can be offset against tax
• Agreement can be tailored to your budget
• You have the benefits of a vehicles use without ownership
• No disposal problems
• Off balance sheet funding