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Contract Hire
Contract Hire is an ideal product for companies who don't want the financial risk of running their own car and van fleets, and who are looking to reduce the administrative burden of buying, servicing and disposing of their vehicles.
Your company simply hires from the Finance Company for a pre-determined period at a fixed monthly rate. The Finance Company retains the ownership of the vehicles - and the risks associated with them - and at the end of the contract they are returned to the Finance Company. The removal of capital assets from your balance sheet can enhance a company's gearing (borrowing) ratio.
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