WHEN you are searching for a new contract hire lease figure for your next business car, you are quite likely to see the option to add maintenance.
Naturally, the first reaction is to go for the cheapest option – and ignore this extra box to tick. Well, you would wouldn’t you?
But wait – do those immediate savings translate into long term savings? And what exactly is maintenance anyway? Isn’t it just getting the car serviced?
For a fixed monthly amount, most contract hire companies will offer in addition to their funding agreement: full cover for routine servicing, tyre and exhaust replacement.
This provides complete cover and peace of mind for any additional repairs that may be required. In addition, the full amount of VAT can be recovered on the maintenance element of your contract hire and maintenance agreement. So if you one of your drivers needs new tyres, they just arrange it with the leasing company’s preferred suppliers and the car gets new tyres. Simple.