Business Car & Van Hire
Has your business grown rapidly and you don’t want to commit to an outright purchase of a vehicle? Do you have a new employee who needs a company car? Or do you simply need a vehicle for your business whilst you start up?
We can offer contract hire for both Personal and Business use whether it be a car, van or minibus that you require.
There are many advantages to business contract hire, these include:
> Low Initial Payment: Unlike other forms of finance, typically, business contract hire requires three monthly payments upfront.
> Fixed Monthly Costs: For a set monthly payment, your business gets the use of a vehicle for an agreed duration and mileage that suits your needs. How much you pay each month will be determined by a number of factors including the type of vehicle, the purchase price of the vehicle, mileage, and the estimated value of the car at the end of the contract (known as Residual Value). Therefore, the higher the residual value of the vehicle, the lower the business contract hire monthly payments.
> Hassle free: For an additional monthly fee, you can ask PSD business contract hire to take care of nearly every hassle associated with vehicle ownership, whether it is maintenance, servicing or replacement vehicles.
> Free Up Capital: Business contract hire is an efficient way of running a fleet of vehicles. Rather than tying capital up in depreciating vehicles, the company is able to invest in other areas of the business. Vehicle leases do not have to be shown on a balance sheet, which will improve a company’s liquidity ratio, gearing and return on assets.
> Flexibility: Running a fleet using business contract hire gives the company flexibility to respond to changing market conditions. Business contract hire agreements are typically between 12 and 48 months long, which allows the fleet to respond to changes to staffing requirements more efficiently than through alternative funding methods. This flexibility can also help business’ respond to changes in their Corporate Social Responsibility (CSR) guidelines, for example switching fleet vehicles to greener, more fuel efficient models.
- No Capital Outlay
- Avoid depreciation costs
- Fixed monthly payments
- Vat registered companies can reclaim VAT when used for business purposes only.
- Contract hire terms of 6 months, 12 months and more.
- Personalised packages tailored to your needs and price range.
- Support from a reliable and dependable service from an experienced vehicle leasing team.
- We are a small local company that goes far for our customers. Supporting all local businesses whether big or small.
- Get in touch today and let us help you and your business.
See what our customers say about us
To Clint and all the staff at PSD - Sterling first came across PSD almost thirty years ago, and I am very proud to say we are still a client of theirs. PSD have never failed our company or me a single time. This year Sterling took possession of a new fleet of vans, somethng that occurs approximately every three years, and it is wonderfully reassuring to receive these vans and know that on delivery our company livery and logo is taken care of. All the necessary Sat Nav's reverse bleepers, flashing beacons and just about everything necessary for the site work on the vans is taken care of - Stephen Blennerhassett, Director.