Contract Hire means that clients gain an additional credit line and can reclaim the VAT on 50% of their payments and on 100% of their maintenance costs. They also run vehicles that are not recorded in the Balance Sheet but on the Notes to the Audited Accounts. With a contract hire, companies can claim Hire Rental Tax Allowances.

First Vehicle Leasing is the UK’s market leader in contract hire. Their relationships with vehicle manufacturers mean that they can offer their customers a wide range of vehicles at very good prices. FVL is also well-connected in the world of finance so it can often make a company’s motoring more affordable too.