Products | Contract Hire
Where the hirer wants to budget with total accuracy and confidence, contract hire extends an operating lease to include full maintenance and other services within an inclusive rental. For example, contract hire can include full servicing to manufacturers schedules; maintenance including replacement of seasonal wearing parts; insurance and the provision of replacement machines in the event of breakdowns that cannot be rectified within a specified time frame. Again, the tax treatment is the same as operating lease although all risks ( excluding accidental damage and any items specified in advance ) lie fully with the lessor.
Benefits :
 | Identical to operating lease but with the added advantage of extremely accurate full cost budgeting. |
| Hire Purchase |
| Finance Lease |
| Operating Lease |
| Contract Hire |
| Cashflow Matched Finance |
TECH5:
Rosedale House
Askham Bryan College
York YO23 3FR
Phone:
01904-778-355
Fax:
01904-706-892