Hire options

An operating lease allows you to lease a vehicle but without the maintenance included.

It is a very popular way to fund your vehicle fleet with fixed monthly costs so you can budget accurately and control you own maintenance.

Hire Purchase allows you to possess and control an asset over an agreed term, while paying rent or instalments covering depreciation, and interest to cover capital cost. At the end of the term, you have the option to purchase the asset outright.

It lets you spread the cost of your investment over the life of the asset, making it easier to budget. Hire Purchase is particularly suitable for acquiring vehicles, machinery, construction and commercial equipment with a resell value.

Hire plan is a leasing product that allows you to take control of a vehicle without owning it or committing to a fixed hire period.

When using hire plan, you will be provided with a charge matrix, which sets out costs for 12, 24 and 36 month periods, and given the freedom to return the vehicle as required.

Benefits of hire plan:

• Transparent charges, allowing you to manage your fleet and budget effectively.
• A flexible way to run vehicles during peak periods, including month-by-month hire, at a competitive rate.
• Immediate online access to all vehicle documentation and service history, keeping you ahead of compliance and legislation.
• Modern, reliable and maintained vehicles.

Contract hire allows you to take control of a vehicle for a fixed period without taking ownership of it. During the contract agreement we can also manage the maintenance of the vehicle for you, once the contract ends you return it to us. Contracts range from 12 to 84 months and are tailored to your specific business requirements.

Benefits of contract hire:

• Choose a comprehensive servicing, inspection, maintenance and repair programme for your vehicle, including replacement parts, breakdown support, repairs and maintenance, tyre husbandry and nationwide replacement vehicle service.
• Access to the vehicle intelligence including fleet management, online portals, telematics and 24/7 customer support.
• Fixed rentals throughout your contract hire enable you to budget accurately and smooth out your cash flow – so that you have no nasty surprises, particularly as your vehicles get older.
• Enables off balance sheet funding for most small and medium sized businesses, so you can release capital for use elsewhere. This means you can include 100% of the rentals in your P&L as a charge against gross profits, before corporation tax is levied.

Daily rental, or spot hire, is a short-term rental agreement starting from just a single day, available 24/7, all year round. The rental cost is charged daily meaning you can rent a vehicle for as long as you need.

Daily rental is ideal for those emergency days when a vehicle is off the road or for when you need to hire a different vehicle for the day.

Benefits of daily rental:

• Immediate online access to all rental vehicle documentation and service history, keeping you ahead of compliance and legislation.
• All vehicle sizes from light commercials to HGVs to ensure seamless operations to your customer base.
• A modern, reliable, maintained and cosmetically sound fleet of vehicles available to you, allowing you to meet any unforeseen problems or peaks in demand.