|
 As
one of the leading independent Contract Hire & Leasing Brokers in the UK,
Neva Consultants Hull offers you a complete range of vehicle funding and fleet
management options, whether you are looking for corporate leasing, small
business contract hire or personal contract hire.
 Our
mission is to deliver competitive vehicle finance and leasing solutions, with a
level of service second to none. As independent vehicle brokers, we are able to
source both vehicle and finance without being tied to manufacturer or finance
house, and therefore can deliver the package of car and finance you want...
We supply all makes
of
UK sourced cars, 4x4, vans and light commercial vehicles at highly competitive
prices…
Personal Contract Hire
For Private Individuals who want minimum outlay, maximum cost control and no
depreciation or disposal risks.
Personal Contract Hire, as with PCP, enables you to have a new car every 1 - 4
years for a low initial outlay and fixed monthly payments. This can, of course,
include maintenance, servicing, repair costs and breakdown service if required.
For employees opting out of a company car scheme, the same advantages as with
PCP would apply.
The main difference is that at the end of a personal contract hire agreement,
you can simply hand the car back. There is no final balloon payment, no risk to
you of depreciation, and no need to worry about disposing of the vehicle at the
end of the term
|
Why Contract Hire?
The Benefits to your Business of Choosing Contract Hire
Below you will find the main reasons why
Contract Hire
could be the best way to fund your business vehicle requirements. It can
take full responsibility for all your vehicles, leaving you with more
time to do what you are best at -
running your business! |
|
Fixed Cost Motoring
Contract Hire enables you to enjoy the benefits of a new or nearly new
car every 1-4 years for a fixed monthly payment, thus offering you the
most hassle free way to drive the car of your choice. |
Reduced Administration
Contract Hire removes most of the paperwork associated with running a
vehicle fleet. You are simply presented with one invoice per month to
include the cost of the vehicle plus any of the additional services you
have requested. |
|
Maintenance and Servicing
All maintenance, servicing and repair costs can be included in your
fixed monthly payment (excluding broken glass and driver misuse), so
budgeting becomes even easier and you have total control of your
motoring expenditure. You can even include Full Roadside Recovery and a
relief vehicle if required. |
VAT & TAX
You can recover a proportion of the VAT charged on the monthly payments
assuming you are VAT registered, the percentage reclaimable depending on
the usage of the vehicle. Also, rental payments are allowable against
taxable profits, again the percentage will vary according to your
circumstances. |
|
Improved Cash Flow
Your business will benefit from improved cash flow for two reasons.
Firstly, Contract Hire requires a low initial outlay compared to
conventional finance deals, usually only three monthly payments in
advance. Secondly, you can release valuable capital into your business
if you own your fleet at the moment. |
No Financial Risk
Removing the risk from vehicle acquisition is a very attractive
proposition, and one that it seems more and more companies are taking
advantage of every year. With Contract Hire, there is no risk to you of
depreciation and no need to worry about disposing of the vehicle at the
end of the term. |
|
Off Balance Sheet Funding
The benefits of off Balance Sheet funding can be huge. When you contract
hire your vehicles, they do not show on your balance sheet. This makes
your profits a larger percentage of the total asset value of your
company, and your business becomes more attractive to investors,
shareholders and financial institutions. |
Your Options at Termination
At the end of the contract hire period, you have the choice of three
options. You can either hand the vehicle back and replace it with a new
one, extend the contract, or get a quote on the purchase price and buy
it as a private sale. It's up to you. |
|
