Business Contract Hire
Askaprice.com covers a comprehensive range of purchase options at the car-quotation website including Business Contract Hire (BCH) – one of the favourite ownership options in the UK.
Because of Business Contract Hire’s popularity we’ve created our very own BCH section dedicated to explaining exactly what Business Contract Hire is and bringing you the very best deals.
At Askaprice.com we believe the best way to get your hands on the best new car deals, or in this case BCH deals, is to compare Business Contract Hire quotes as much as you can.
Where can I get cheap Business Contract Hire quotes?
There are normally two kinds of buyer that find their way onto Askaprice.com.
The first are those that know exactly what they want including manufacturer, model, automatic or manual gearbox and diesel or petrol engine.
If you’re one of those then look no further than our quotation form.
Compare quotes nowSimply fill in our free, no obligation form and compare business contract hire quotes as much as you’d like, allowing you to find the best business contract hire deals available.
The second type of buyers is the one who is flying blind – and Askaprice.com caters for you, too!
As well as lots of business contract hire information and advice, search tools and explanations, we also provide a brilliant manufacturer map that allows you to search for your new car by manufacturer.
New Car Manufacturers
It’s simple: Just click on the manufacturer name that takes your fancy and see what models it has to offer then compare business contract hire quotes.
Remember: Our quotation service is free and you’re under no obligation to buy! That means you can compare quotes again and again until you find the cheap business contract hire quote you were looking for!
Get BCH Quotes NOWCommercial Vehicle Manufacturers:
Please select a commercial manufacturer below to continue
- Citroen
- Fiat
- Ford
- Isuzu
- Iveco
- Land Rover
- LDV
- Mazda
- Mercedes Benz
- Mitsubishi
- Nissan
- Peugeot
- Renault
- Toyota
- Vauxhall
- Volkswagen
- Proton
- Ssangyong
- Allied
- Great Wall
- Dfsk
- Mega
- Azure Dynamics
- Mini
- Mia
As the name would suggest, Business Contract Hire has a lot to do with work!
In fact it’s been the most popular form of finance for companies and business fleets for a number of years.
That’s why Askaprice.com also holds a variety of Commercial Vehicle Manufacturers which are subject to the best business contract hire deals and offers.
Simply pick your preferred manufacturer to cheap business contract hire offers from Askaprice.com.
Business Contract Hire Explained
Business Contract Hire has always been the popular choice amongst businesses and fleet users and more than 45 per cent of business vehicles are funded by Business Contract Hire options!
How does it work and what will I pay?
Business Contract Hire (BCH) is relatively straight forward and it’s often favoured because it’s hassle-free and can reap significant financial rewards for the company in question.
The Process
- The first bit – simply choose the make and model of your desired vehicle with Askaprice.com and our straightforward search tools.
- The requirement stage – Specify how long you’d like your vehicle for (usually contracts run for three years), agree on mileage restrictions per annum (you will be informed of your excess mileage fee) and decide whether you want maintenance cover included.
- The payment plan – Monthly price is dependent on a number of criteria with vehicle purchase price and residual value ranking highest on the list. Maintenance cover will also add to the cost while larger mileage allowances normally result in higher monthly payments.
- At the end – At the completion of your contract the vehicle will be returned to the finance provider so there are no resale worries!
*Most Business Contract Hire providers will allow you to extend your lease, but it’s important to remember that you will never own the car.
How are my payments calculated?
The vehicle purchase price is subtracted from the predicted residual value of the vehicle at the completion of the contract before it’s divided by the length of the contract in months.
It’s important to remember that a larger mileage allowance will result in a reduced residual value and higher monthly repayments, as will maintenance cover.
The benefits of Business Contract Hire
There are numerous benefits and advantages of using Business Contract Hire; that’s why it’s so popular with companies of all shapes and sizes!
Cash flow benefits
- Fixed monthly payments.
- Lower monthly payments than Hire Purchase.
- Finance Providers buy in bulk – that means there are huge savings available in terms of your monthly payments.
- It only takes a minimum agreed payment to secure your vehicle.
Stability
- Rental terms and payments are fixed so in theory they’re simple to budget for.
- Business Contract Hire plans can include maintenance cover meaning servicing is covered.
- No depreciation worries once the contract is agreed.
Business Contract Hire tax benefits
- BCH plans are off the balance sheet.
- Vat efficient – All VAT on servicing can be reclaimed with 50 per cent reclaimable on finance (Commercial vehicles can reclaim 100 per cent of VAT).
