Business Contract Hire at Glenford

Choose from our great range of Leapmotor or Jeep, or create your own personalised quote by selecting the model of your choice.

Example monthly rentals are shown over a 3-year contract hire agreement. Initial rental is based on six monthly rentals, with 10,000 miles per annum.

For the uninitiated, vehicle finance can be a complicated subject. There are a number of leasing and purchase agreements available to business users. Glenford’s sales team are always happy to talk through the options available and help identify the most suitable solution for your business.

The information below provides a brief overview of the main funding options, their characteristics and benefits, helping you choose the right approach based on your business needs.

Contract Hire
Contract Hire is a simple, comprehensive and cost-effective way to fund vehicles and is now the most popular option for businesses of all sizes. Low initial rentals and fixed monthly payments cover the cost of the vehicle and the annual road fund licence for the duration of the agreement. Maintenance can also be included, covering servicing, tyres and breakdown assistance.

This allows businesses to accurately budget the full cost of their vehicles, with the reassurance of a comprehensive package designed to keep fleets on the road. Agreements can be tailored to suit your business, from short-term solutions through to more typical 36 or 48-month contracts, with mileage allowances agreed in advance.

Contract Hire rentals are calculated on the ex-VAT supply price of the vehicle and are treated as an operating expense that can be charged against taxable profits. VAT can be reclaimed on the finance and maintenance elements. Monthly rentals are based on vehicle price, mileage and contract duration.

Glenford’s contract hire terms are amongst the most competitive available, and we supply vehicles to businesses of all sizes. Call us on 01307 462347 to discuss your options.

Why Contract Hire?
 Fixed monthly costs
 Accurate budget forecasting
 No residual value risk
 Off-balance-sheet funding
 Reduced administration
 VAT-efficient solution

Leasing
Finance Leasing offers the VAT recovery benefits associated with Contract Hire, combined with the flexibility and balance-sheet treatment of a Hire Purchase-style agreement. For VAT-registered businesses, this can be a highly cost-effective alternative when considering vehicle ownership.

There are no mileage restrictions. You can choose between a Full Payout Lease, where the entire vehicle cost is covered by the payments, or a Residual Value Lease, where the anticipated end value of the vehicle is excluded from the monthly rentals. Both options provide fixed monthly payments, making budgeting straightforward.

Packages can be tailored to your individual business requirements across a wide range of vehicles.

Glenford’s lease terms are amongst the most competitive available, and we supply vehicles to businesses of all sizes. Call us on 01307 462347 to discuss your options.

Why Leasing?
 Flexible monthly payments
 Variable deposit options
 Full Payout or Residual Value structures
 Off-balance-sheet funding
 No mileage limitations

Contract Purchase
Contract Purchase, often referred to as Hire Purchase, allows businesses to acquire a vehicle through fixed monthly instalments, with the asset shown on the company balance sheet and ownership retained at the end of the agreement.

Lease Purchase options can include a lower initial deposit and a deferred residual (balloon) payment at the end of the term, helping to reduce monthly payments while retaining flexibility and avoiding mileage restrictions.

The deposit level, vehicle value, mileage and contract length determine the monthly payment. Servicing, maintenance and breakdown cover can also be included. Contract Purchase is particularly well suited to businesses running higher-value vehicles that want the option to own them, without taking on the full depreciation risk of outright purchase.

Glenford’s Contract Purchase terms are amongst the most competitive available, and we supply vehicles to businesses of all sizes. Call us on 01307 462347 to discuss your options.

Why Contract Purchase?
Ideal for VAT-exempt businesses
Flexible deposit levels
Vehicle qualifies for Writing Down Allowance

Important Information
Business users only.

Finance subject to status. Guarantees or indemnities may be required. Ownership terms depend on the agreement selected.

Examples exclude VAT and are based on non-maintained agreements with 10,000 miles per annum. Vehicles must be returned in good condition and within the agreed mileage, otherwise additional charges may apply.

All vehicles are subject to availability. Offers may not be used in conjunction with any other promotion.