Contract Hire

HERE’S WHAT HAPPENS WHEN YOU TAKE OUT A CONTRACT HIRE AGREEMENT:

You choose the model you like from the Isuzu D-Max range, you agree the annual mileage you’ll be covering and the length of your contract with us – between two and five years – and then you pay a fixed monthly amount that makes the most of your budget, as you will pay less than if you bought the vehicle outright.

When the agreement ends, you return the vehicle to ourselves and, so long as it meets the BVRLA ‘Fair wear and tear’ guidelines, then job done.

You don’t have to worry about a residual value, although be aware that excess mileage charges may apply as could damage charges.

Road fund licence is included and you have the option to take out an optional maintenance package, leaving you with just your insurance and fuel costs to pay.

If you’re VAT registered and use the vehicle solely for business use, you’ll be pleased to know that you can claim back up to 100% of the VAT, depending on your VAT status.

If you would like further information or would like a quotation, simply contact us.

 

WHY CHOOSE US

  • You will be dealing direct with an Isuzu Main Dealer instead of a Broker.
  • No additional fees (reducing overall cost)
  • Isuzu Contract Hire is backed by Lex Vehicle Leasing
  • Isuzu UK 2016 Awards – Accessories Dealer of The Year & Highly Commended Most Improved Dealer of the Year
  • Established since 1958 and are therefore trusted as a reliable local business

 

HOW IT WORKS

INCLUDING MAINTENANCE NO MAINTENANCE
VEHICLE OWNER Isuzu Contract Hire Agent Isuzu Contract Hire Agent
CUSTOMER BALANCE SHEET OFF OFF
RESIDUAL VALUE RISK Sits with Contract Hire Agent Sits with Contract Hire Agent
EARLY TERMINATION
Forms part of the final disposal calculation
ET Quote done.
Invoiced direct to customer if accepted.
ET Quote done.
Invoiced direct to customer if accepted.
FINANCE CHARGES IN EXTENSION Continue at normal, primary rate – but in arrears (Average Rental) Continue at normal, primary rate – but in arrears (Average Rental)
MAINTENANCE CHARGES IN EXTENSION Continue at normal, primary rate – but in arrears
DEHIRE DAMAGE CHARGING Charged to customer Charged to customer
ROAD FUND LICENCE Included in rental Included in rental
EXCESS MILEAGE (XSM) Charge for pro-rated (XSM) on final termination, at Lease & Service ppm rate Charge for pro-rated (XSM) on final termination, at Lease & Service ppm rate
DISPOSAL ROUTES Vehicle returned to Leasing Agent Vehicle returned to Leasing Agent
CAN THE CUSTOMER PURCHASE? NO NO
DIPOSAL PROFIT/LOSS RESTS WITH Isuzu Contract Hire Agent Isuzu Contract Hire Agent