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Business Contract Hire

Find out what it is and how it works

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What is Business Contract Hire?

Business Contract Hire (BCH) is tailored specifically for companies looking to upgrade or expand their vehicle fleet. It offers a smart, cost-efficient long-term leasing solution that helps streamline both financial and administrative responsibilities.

With BCH, your business enters into a credit agreement with a finance provider, allowing you to lease vehicles without the burden of ownership. This means you avoid concerns like depreciation and ongoing vehicle management. Instead, you make fixed monthly payments over an agreed term - typically between 1 and 4 years and then you return the vehicles at the end of the contract.

This leasing model offers several advantages. Since the vehicles are not owned, they don't appear on your balance sheet, and you can reclaim up to 50% of the VAT on lease payments. BCH also provides flexibility in contract terms, mileage limits and cost which makes it easier for your business to adapt to the ever changing market demands.

View our range of New Nissan and New Renault Vans below.

What does a BCH Finance deal typically look like?

Understanding a BCH finance deal is straightforward. It clearly outline the required advance deposit, the duration of the agreement, the cost per mile if you exceed the mileage allowance, and what your monthly payments will be throughout the term.

Here's a typical example of how a BCH finance deal is structured:

Business contract hire details with costs for rentals, mileage, and admin fees.

Why Choose Business Contract Hire for your fleet requirements?

Contract Hire is an excellent and cost-efficient solution for outfitting your business fleet with high-quality commercial vehicles, including vans, pick-ups, cars and 4x4s. It also comes with a range of benefits that make Business Contract Hire leasing even more appealing.

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Save on VAT

You can reclaim 50% of the VAT on the contract aspect and 100% of the VAT on maintenance costs if you are a VAT-registered business
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Cut down on admin and asset management

With returning the car/van at the end of your agreement it reduces the amount of admin oversight and management
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Unlock the newest vehicles with the latest technology

It is quick and easy to upgrade your fleet with BCH.
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Finance options that fit your business

Often with low advance payments, you will find it easy to get started.

Frequently Asked Questions about BCH agreements

Who can use BCH?

Is there an upfront payment?

What happens if I exceed the agreed mileage?

Can I terminate the contract early?