We're excited to explain everything you need to know about business contract hire.
Business Contract Hire (BCH)
Business contract hire is a popular way for businesses to lease vehicles for their employees. We'll explain what business contract hire is, how it works, and the tax implications for both the business and the employee.
When a business enters into a lease agreement, they agree to pay a fixed monthly fee for the use of the vehicle for a set period of time typically between 2 to 5 years. The monthly fee includes the cost of the vehicle, delivery, Vehicle Excise Duty (included rate as at time of quoting) and any additional services that the leasing company offers, such as a maintenance package if chosen.
At the end of the lease period, the vehicle is returned to the leasing company, and the business has the option to enter into a new contract for a new vehicle.
Our team of experts works tirelessly to ensure that we have the most up-to-date information on the latest models and deals available, so you don't have to. We pride ourselves on our extensive knowledge of the car leasing industry, and we're here to help you every step of the way.
Stock Status
At CBVC Leasing, we understand that for business’s time is money, and that's why in addition to being able to offer factory ordering for any vehicle available in the UK, we also offer a range of in-stock and pipeline stock vehicles that are ready for quick delivery, so you can get your new business vehicle on the road as soon as possible.
Our in stock special offers make Business Contract Hire efficient and affordable - perfect for new employees or budget-conscious professionals. These cars are reliable, fuel-efficient, and easy to drive, ensuring that your new starter can hit the ground running without breaking the bank and that's why we're here to help you make an informed decision when it comes to leasing your next vehicle.
For directors and other high-level executives, we offer a range of premium vehicles that are perfect for making a statement on the road without breaking the bank. These vehicles are designed with luxury and performance in mind, ensuring that you can get where you need to go quickly and in style.
No matter which type of vehicle you choose, we understand that your time is valuable, and that's why we offer a range of leasing options to help you get behind the wheel of your new car as quickly and easily as possible.
Visit Our Stock and Special Offer Page
Main Benefits of Business Contract Hire
- Fixed monthly costs, which can help businesses budget more effectively
- Access to new vehicles without the need for a large upfront payment
- Reduced maintenance costs, as contracts can include maintenance and servicing
- Reduced BiK payments for Plug-In Hybrid vehicles due to CO2 emissions
- The ability to change vehicles regularly, which can help businesses stay up-to-date with the latest technology and safety features
Most Common FAQs
- Q: Can I lease a vehicle as a sole trader?
- A: Yes, you can lease a vehicle as a sole trader.
- Q: Can I end the contract early?
- A: It may be possible to end the contract early, but this may result in additional fees.
- Q: Can I buy the vehicle at the end of the lease period?
- A: It may be possible to buy the vehicle at the end of the lease period, but this will depend on the leasing company's policies.
We hope this page has provided you with all the information you need to decide whether Business Contract Hire is the right car leasing option for you. If you have any further questions, please don't hesitate to contact us - we're always happy to help!
