What is contract hire on a van
Contract hire is a popular type of vehicle leasing that’s a simple way for you to get behind the wheel of a brand new vehicle. You’ll spread the cost and always know what your monthly payment will be. Plus you avoid the significant upfront investment that comes with buying a vehicle outright. What is business contract hire? Business contract hire is a popular long-term vehicle rental agreement suitable for sole traders, partnerships and limited companies. It’s a particularly popular option for VAT registered companies, as they can claim back 50% of the VAT for the supply of the vehicle.