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What are the benefits of Arval contract hire?

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5 March 2015

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Arval contract hire: a method of funding your company car through monthly payments that allows you to budget easily and provides a range of tax and VAT advantages

IF you’re an SME and thinking about using contract hire for the first time – perhaps through leasing provider Arval – what should you look for?

Did you know?

  • Contract hire works for business
  • Arval says it’s the most popular company vehicle funding method in the UK

Let’s start with the contract hire bit first.

It’s a method of funding your business car – following a deposit (three months in advance), you pay monthly for the use of a car over a set period of time and mileage. At the end of the contract term you hand the car back to Arval.

Contract hire gives you:

  • Cost control – a fixed monthly cost makes budgeting easier plus there are tax benefits, which you should consider with your accountant
  • Frees up capital – new business cars without the up-front costs, freeing up money for you to invest in your business
  • Competitive costs – you will benefit from our buying power which you’ll see in the form of lower monthly rental costs
  • No depreciation risk – we take care of that because the car always belongs to us
  • Any vehicle – choose from the full range of cars and light commercial vehicles
  • Less administration – allowing you to focus on your core business

If you like the idea of contract hire but what’s putting you off is fixing the mileage you’ll cover – then don’t, says Arval.

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Ralph Morton

Ralph Morton

Ralph Morton is an award-winning journalist and the founder of Business Car Manager (now renamed Business Motoring). Ralph writes extensively about the car and van leasing industry as well as wider fleet and company car issues. A former editor of What Car?, Ralph is a vastly experienced writer and editor and has been writing about the automotive sector for over 35 years.

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