Contract hire

Fleet funding

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Commercial contract hire is the most popular method of fleet funding and is ideal for organisations that don't want to take risk associated with predicting the residual value of vehicles, or the maintenance and servicing costs.

In a commercial contract hire agreement, you simply hire the vehicle from Hitachi Capital Commercial Vehicle Services for a pre-determined period at a fixed monthly rate. We retain ownership of the vehicle, and the associated risks, and at the end of the contract the vehicle is returned to us.

Benefits of contract hire:

Fixed monthly costs
VAT efficient for most organisations
No residual value risk
Additional services can be included
Low initial outlay
Provides an alternative credit line for funding
Single monthly invoice
Does not appear on lessee's balance sheet