Contract Hire for your business, from Fred Coupe Motor Store

Contract Hire is available to Limited Companies, Sole Traders or Partnerships and offers the company fixed monthly budgeting with minimal outlay. It is an extremely tax effective method of funding a business vehicle as the rentals may be offset against your taxable profits.

Additionally, if you are a VAT registered business 100% of the VAT on the monthly rentals may be reclaimed where the vehicle is either a van or a car used soley for business purposes.

Where the vehicle is used for business and private mileage only 50% of VAT on rentals is recovered.

Benefits

Fixed cost allowing easy budget management
Low initial outlay (usually 3 rentals in advance)
Supplier arranges delivery and collection of vehicle
No responsibility of vehicle disposal
This form of funding is considered to be ‘off balance sheet’ and the vehicle will not be shown as an asset within your balance sheet
VAT registered business can reclaim 50% of the VAT on the contract and 100% of the VAT on any maintenance element
No depreciation risk
Finance company carries Residual Value Risk
Ability to change for a brand new vehicle on a regular basis

Company Info

Chorley Road, Walton Le Dale, Preston, United Kingdom, PR5 4JB

Reg Office: Chorley Road, Walton Le Dale, Lancashire, PR5 4JB Fred Coupe(Preston)Ltd

Reg. Company Number: 401786

VAT Reg. No. 153582462

Financial Disclosure

Fred Coupe (Preston) Limited is an Appointed Representative of Automotive Compliance Ltd, who is authorised and regulated by the Financial Conduct Authority (FCA No 497010). Automotive Compliance Ltd’s permissions as a Principal Firm allows Fred Coupe (Preston) Limited to act as a credit broker, not as a lender, for the introduction to a limited number of lenders and to act as an agent on behalf of the insurer for insurance distribution activities only. We can introduce you to a selected panel of lenders, which includes Blackhorse Finance. An introduction to a lender does not amount to independent financial advice and we are not financial advisors, we act as their agent for this introduction. Our approach is to introduce you first to Blackhorse Finance, If they are unable to make you an offer of finance, we then seek to introduce you to whichever of the other lenders on our panel is able to be make the next best offer of finance for you. Lenders will pay a commission to us for introducing you to them, based on a percentage of the amount you borrow. Different lenders may pay different commissions for such introductions. If you ask us what the amount of commission is, we will tell you in good time before the Finance agreement is executed. All finance applications are subject to status, terms and conditions apply, UK residents only, 18’s or over. Guarantees may be required. complaints@automotive-compliance.co.uk

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Contract Hire for your business, from Fred Coupe Motor Store

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