Hire options
As a leading independent and experienced service provider, backed by Close Brothers Group plc, we can create innovative commercial vehicle finance arrangements to support the needs of your business.
Funding options designed for your business
Our team of specialists is committed to help you find the right funding strategy for your business.
What is operating lease?
An operating lease allows you to lease a vehicle but without the maintenance included.
It is a very popular way to fund your vehicle fleet with fixed monthly costs so you can budget accurately and control you own maintenance.
- An operating lease allows you to lease a vehicle but without the maintenance included.
- It is a very popular way to fund your vehicle fleet with fixed monthly costs so you can budget accurately and control you own maintenance.
What is hire purchase?
Hire Purchase allows you to possess and control an asset over an agreed term, while paying rent or instalments covering depreciation, and interest to cover capital cost. At the end of the term, you have the option to purchase the asset outright.
It lets you spread the cost of your investment over the life of the asset, making it easier to budget. Hire Purchase is particularly suitable for acquiring vehicles, machinery, construction and commercial equipment with a resell value.
What is hire plan?
Hire plan is a leasing product that allows you to take control of a vehicle without owning it or committing to a fixed hire period.
When using hire plan, you will be provided with a charge matrix, which sets out costs for 12, 24 and 36 month periods, and given the freedom to return the vehicle as required.
- Transparent charges, allowing you to manage your fleet and budget effectively.
- A flexible way to run vehicles during peak periods, including month-by-month hire, at a competitive rate.
- Immediate online access to all vehicle documentation and service history, keeping you ahead of compliance and legislation.
- Modern, reliable and maintained vehicles
What is contract hire?
Contract hire allows you to take control of a vehicle for a fixed period without taking ownership of it. During the contract agreement we can also manage the maintenance of the vehicle for you, once the contract ends you return it to us. Contracts range from 12 to 84 months and are tailored to your specific business requirements.
- Choose a comprehensive servicing, inspection, maintenance and repair programme for your vehicle, including replacement parts, breakdown support, repairs and maintenance, tyre husbandry and nationwide replacement vehicle service.
- Access to the vehicle intelligence including fleet management, online portals, telematics and 24/7 customer support.
- Fixed rentals throughout your contract hire enable you to budget accurately and smooth out your cash flow – so that you have no nasty surprises, particularly as your vehicles get older.
- Enables off balance sheet funding for most small and medium sized businesses, so you can release capital for use elsewhere. This means you can include 100% of the rentals in your P&L as a charge against gross profits, before corporation tax is levied.
What is daily rental?
Daily rental, or spot hire, is a short-term rental agreement starting from just a single day, available 24/7, all year round. The rental cost is charged daily meaning you can rent a vehicle for as long as you need.
Daily rental is ideal for those emergency days when a vehicle is off the road or for when you need to hire a different vehicle for the
- Immediate online access to all rental vehicle documentation and service history, keeping you ahead of compliance and legislation.
- All vehicle sizes from light commercials to HGVs to ensure seamless operations to your customer base.
- A modern, reliable, maintained and cosmetically sound fleet of vehicles available to you, allowing you to meet any unforeseen problems or peaks in demand.
What is sale and leaseback?
Sale and leaseback can help you to release equity locked in your fleet and support you in the streamlining of your operational requirements.
We value and acquire your fleet at an agreed price, hiring it back to you at an agreed fee over a specific time period. You can also include additional services from our fleet management packages.
This release of equity back into your cash flow can support your commercial strategies to raise additional capital for other business requirements and growth, and can also help fund a broader fleet replacement programme.
- Sale and leaseback can help you to release equity locked in your fleet and support you in the streamlining of your operational requirements.
- We value and acquire your fleet at an agreed price, hiring it back to you at an agreed fee over a specific time period. You can also include additional services from our fleet management packages.
- This release of equity back into your cash flow can support your commercial strategies to raise additional capital for other business requirements and growth, and can also help fund a broader fleet replacement programme.
Free up capital
Our hire options offer an efficient way of running a fleet of vehicles, allowing you to invest in your business rather than tying capital up in depreciating vehicles. Some options, like vehicle leases, do not have to be shown on a balance sheet, which can improve your business liquidity ratio, gearing and return on assets.
Flexibility
Our products and packages give you the flexibility to respond to changing market conditions.
With agreements typically between 12 and 60 months long (72 month and 84 month also available), you can make changes to staffing requirements and fleets more efficiently than through alternative funding methods.
Tax advantages
Some or all of the rental charge can be offset against taxable profits.
Leasing company power
We purchase hundreds of vehicles each year and are experts in negotiating substantial discounts with manufacturers which we can pass on to our customers in the form of competitive rates.
To find out how we can help, call us free* on:
08081497082
