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Why Lease (Not Buy) Your Company Car Fleet with Contract Hire

Blog post   •   Feb 01, 2016 10:13 GMT

We crave owning things of our own.

From teens chomping at the bit for their parents to buy them their first car, to adults counting down the days until they’ve paid off their mortgages, it’s a great feeling when something finally becomes yours.

And companies are much the same - in fact, they're even more guilty.

After all, what exemplifies success more than having your own assets?

The thing is though, people and companies alike are starting to realise that you don’t have to invest in fixed assets to be and appear successful.

Owning stuff has had its day, and a new era of renting and leasing and hiring has moved in.

The Days of Purchasing Company Cars Outright Are Over

Companies are becoming smarter, leaner, and more frugal in how they use their time and money.

When it comes to a company car fleet, that means not putting up with the ongoing maintenance and little admin tasks which absorb precious time and resources best put to use elsewhere.

Contract Hire is our most popular method of leasing a fleet of company cars which such companies seek out in order to help them run a streamlined operation.

Let’s find out exactly why, with the top reasons companies are leasing their car fleet with Contract Hire.

More Money to Play With and Greater Savings

It’s a difficult task to not only invest in a fleet of vehicles upfront but budget accordingly for each of their individual expenditures.

With the Contract Hire option where you pay a fixed monthly rental cost, you eliminate much of the financial, maintenance, and residual risk and free up cash flow for other more growth orientated investments.

You’ll also see great savings over purchasing, as rather than paying off the whole vehicle, you’ll only ever pay for its depreciation, and in addition can also benefit from VAT efficiencies.

Less Time in The Office

When involved in the day to day running of your business, getting your staff from A to B should be the least of your worries.

Contract Hiring your fleet outsources all the daily admin tasks and can manage everything from maintenance and breakdown cover, to replacement vehicles and GAP insurance.

No Need to Compromise on What The Business Stands For

Whether you see your business as a Toyota Prius, or more of a Morgan Roadster, you want to be able to reflect that in your company and staff image.

When purchasing vehicles outright and encountering hefty price tags, it’s easy to compromise on what you stand for. Leasing opens up your options so you can find the vehicles which convey the right message you want to get across to your partners and customers, and of course the right attitude you want to invoke in your staff.

Need to update the vehicles due to age or maybe planning a rebrand of your company? No problem, after a few years you can return the vehicle and upgrade to a newer, more efficient, and more appropriate option.

If you would like to talk to us about Contract Hire, or find out about our other leasing options, leave us a comment, or contact us at, or 01480 414541.

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