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Vehicle Contract Hire and Leasing in Torfaen
Lamia Contract Hire and Leasing
Contract Hire is not always suitable or the best option. Your business uses the vehicle while paying a rental rather than a repayment. The monthly rental is determined by the initial cost of the vehicle (excluding VAT), the period of the finance lease and the residual value (the estimated future value of the vehicle at the end of the finance lease period once depreciation is taken into account), plus interest. Minimum capital expenditure Accurate monthly budgeting A fixed interest rate is available on some contracts No damage recharge as you are responsible for disposal of the vehicle Finance lease is a very popular choice for VAT registered companies and businesses as they can claim back 50% of the VAT on the finance element for cars and generally 100% for commercials (subject to no private use). On contracts with maintenance the service element VAT is 100% recoverable Rentals can be offset against the businesses profits. Cars with a CO2 output above 130g/km are currently subject to a 15% disallowance on the amount of the rental that can be claimed against the businesses taxation, for cars with a CO2 output of 130g/km or below, there is currently no disallowance
Eddie H said
I first contacted Lamia in 2014 as, being a local firm and this being the first time I had leased, I welcomed the opportunity to speak to someone face to face. Immediately I was made to feel that I was valued as a customer. The service provided was personal and first class. Gary and his team work very hard at promoting this.If I have had any queries then they have been dealt with quickly and efficiently with a minimum of fuss, I am now on my second lease and have introduced a family member to Lamia. They are also now on their second lease. I would thoroughly recommend Lamia if you are thinking of leasing.
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