For almost three decades, Grosvenor has worked with clients to give cost-effective contract hire solutions - offering vehicles over a predetermined period and mileage at a fixed monthly rental, without depreciation risk or disposal issues.
The contract incorporates road fund licence and breakdown recovery whilst other ancillary products can be added - these include a full maintenance schedule, replacement vehicle, accident management and fuel cards.

The Benefits

• Accurate Cash Flow forecasting from fixed payments
• Reduced administration
• Zero risk on disposal
• Reduced risk of losses on sales proceeds and expensive maintenance bills 
• No increase in company gearing 
• Liability removed from balance sheet
• VAT on vehicle purchase redeemable - client benefits through cheaper rentals
• Reclaimable VAT on finance element of rental - 50% of VAT reclaimable if private use of the vehicle
• 100% VAT on services element can be recovered
• Lease rentals for cars with CO2 Emissions less than 161 are fully allowable against Corporation Tax

In Summary, Contract Hire allows you to pay a set monthly fee with no depreciation risk or disposal issues. A full maintenance contract will prevent any unexpected repair costs.