Contract Hire is ideal for businesses that prefer to hire their cars rather than own them. Contract Hire is a rental agreement that is paid over the course of one to four years. This finance option also relieves you of time-consuming administration surrounding the sale or value of an owned vehicle.
If your business is VAT-registered, a portion of your rentals may be tax-deductible. Because Contract Hire is classified as an operating lease for tax purposes, it is regarded differently than “purchase” contracts – allowing you to benefit from certain tax advantages.
In a Contract Hire agreement, you simply pay a monthly rental for your vehicle, or change the rental on a fixed period. You will also benefit from Driverline, a dedicated telephone service designed to help you 24/7/365.
Once you choose your Audi vehicle and an initial rental payment, there are three decisions to make that affect your monthly rental payments.
- Your rental payment period (from 12-48 months)
- Annual mileage (how many miles you expect to drive each year)
- Servicing: choose to include a service, maintenance, and tyres plan in your agreement
When your outstanding rentals are paid, you will hand your vehicle back – subject to fair wear and tear, and excess mileage charges. There is no additional final payment at the end of the agreement.
Audi Finance Options
In addition to Contract Hire, Heritage Audi offers a range of other finance options, including Finance Lease, Personal Contract Purchase, Hire Purchase, and Lease Purchase. If you’re unsure if Contract Hire is right for you, explore these finance options today! Our Audi team is also available to provide more information and help you find the perfect finance plan for your budget. Contact us at any time to learn more.
Contact Your Local Audi Dealership
At Heritage Audi, we’re delighted to stock the New Audi Range at our Salisbury dealership. For more information about our Personal Contract Purchase options, use our online enquiry form to get in touch with our Audi team today. While you wait to hear back from us, feel free to explore our affordable Audi New Car Offers; you will find an array of Audi finance deals. You can also contact us by phone at 01722 273140 or visit our Heritage Audi dealership.