Contract Hire is a type of rental agreement from Honda
The individually tailored contract gives you a car for an agreed period and mileage. At the end of that period you simply give the car back. All you have to do is insure the car and add petrol; the rest is taken care of. It really is that simple.
- Fixed regular rentals together with our optional maintenance package make it easier to budget.
- Your business doesn't have to worry about reselling the car at the end of the agreement.
- By avoiding an excessive initial outlay, more funds stay in your business.
Honda Contract Hire is an 'operating lease' which means that you could benefit from tax advantages that 'outright purchase' contracts don't enjoy. Also, if you are a VAT registered business, a proportion of the rentals may be tax deductible.
Your accountant or financial advisor will be able to advise you of these.