ASX Contract Hire
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The rental patterns above show the initial rental required followed by the number of additional monthly rentals (e.g. 3-0-35 represents 3 rentals payable as the initial rental, followed by 35 rentals monthly thereafter). All rentals are subject to VAT at the current rate.
All examples are based on a contract of 10,000 miles per annum. Please contact us if you would like an alternative quotation based on your specific business requirements.
Contract Hire
Contract Hire is a rental product where the monthly rentals are based on the period of hire, the annual mileage, the vehicle price and the anticipated future value of the vehicle. Service and maintenance cover can be introduced. You typically pay an initial payment of three or six monthly rentals and this is followed by equal monthly rentals over the 2 or 3 year period. At the end of the agreement, as long as you have fulfilled the mileage and condition requirements, you simply return the vehicle to us.
Key benefits of Contract Hire
- Lower fixed monthly rentals
- Rentals are allowable against tax (restricted on the cars with CO2 emissions over 160g/km)
- 50% of the VAT can be reclaimed on rentals on cars (the actual percentage may vary)
- There’s an optional maintenance package to cover unexpected costs
- Cash flow is improved
- Administration is minimal
- You are protected against any fall in used vehicle prices
- You are not responsible for disposing of the vehicle
- Your vehicle can be changed for a new one every 2 or 3 years
The length of the agreement, initial payment and annual mileage can be adjusted to meet your requirements.
Terms and Conditions
The Contract Hire Finance Plan shown is applicable to VAT Registered Business Users Only and subject to status through Mitsubishi Contract Motoring (part of the official Mitsubishi Motors distribution in the UK), Watermoor, Cirencester, Glos. GL7 1LF. Rentals are based on a repayment pattern of 3 rentals in advance followed by 35 monthly in arrears, unless stated to the contrary. All rentals are subject to VAT and are based on an annual mileage of 10,000 miles and are on a non-maintained basis. Excess mileage will be charged for. Indemnities may be required. Rentals are valid between 1st July and 30th September 2010. Prices are correct at time of going to print and are subject to change without notice, other terms and mileages are available upon request, at participating dealers in the UK (excludes Channel Isles & IOM).