Contract hire is ideal if You are buying a Grenadier for corporate entities (e.g. limited companies, PLCs or limited partnerships) and would prefer to use a vehicle, rather than own one.
A very cost-effective method of funding your vehicles. It gives your business an additional credit line and can release funds for your core business activities. You simply choose a vehicle for an agreed period up to 48 months in exchange for a fixed monthly rental which includes Road Fund Licence. There are no depreciation or vehicle disposal worries since you just return the vehicle at the end of the contract. Fixed price servicing and maintenance options are usually available with most contracts for an additional cost.
Business and Personal Car Leasing
Grenadier offers Contract Hire for both private and business customers, enabling you to drive the Grenadier you love with no worries associated with car ownership.
What benefits does Contract Hire offer me?
- Contract Hire is ideal for customers simply wanting to pay a monthly rental for the vehicle, change it on a regular fixed period and have no disposal risk
- You won’t own the vehicle, just keep it in good condition and within your chosen mileage to avoid any additional costs when you hand it back
- If you are a business user:
- A proportion of the rentals may be claimable as an expense against taxable profits
- An element of the VAT on rentals may be recoverable by VAT registered businesses
- You can build in a service, maintenance and tyres plan to spread these costs making budgeting even easier
How it works
Your local retailer will structure a Contract Hire agreement to meet your needs based on the car, estimated annual mileage, the agreement duration and any additional services you require.
An initial rental equivalent to between 3 and 6-monthly rentals may be required, after which you pay the agreed monthly rental until the end of the contract.
You pay a fixed monthly rental for the duration of the contract – subject to tax and Road Fund Licence charges.
- The contract is flexible to meet the rental period and mileage that suits you.
- Your monthly rental can also include servicing, maintenance and repair, for an additional costRemoves the administrative burden of supplying, servicing & disposing of your vehicles.
Your rental payment period
Choose any period between 12 and 48 months
Mileage per year
Choose how many miles you expect to drive each year
Servicing
Choose to include a service, maintenance and tyres plan in your agreement
Other things you should know
Your contract will be subject to a minimum period of rental, usually 24 months.
Your business will not own the vehicle and there is no option to purchase at the end of the contract.
If at the end of the contract the vehicle has covered more miles than agreed you will be required to pay a charge for excess mileage. In addition if you have not kept the vehicle in reasonable condition for its age and mileage you may be charged a refurbishment cost. Please click here for the BVRLA fair wear & tear guidance.
What happens at the end of my agreement?
At the end of your agreement you just pay any outstanding rentals, fair wear and tear or excess mileage charges and hand the vehicle back to SEAT Financial Services.
Will I own the vehicle?
No, you are hiring the vehicle and will hand it back at the end of the agreement.
Finance Options at INEOS Grenadier
As well as Contract Hire, here at Heritage INEOS Grenadier we also offer an impressive selection of other Finance Options. These options include affordable Finance Lease, Hire Purchase, Personal Contract Purchase and Lease Purchase plans. So if you're unsure on whether Contract Hire is the correct finance plan for you, explore our other Finance Options we currently offer at Heritage online today! Our experienced team are also available to provide more information and help you find the perfect finance plan for you and your budget.
Contact Heritage INEOS Grenadier
The entire New INEOS Grenadier range is available to view and order at our Heritage INEOS Grenadier dealerships located in Gloucester and Dorchester. For more information on our excellent-value Contract Hire finance options, use our handy online enquiry form to reach the Heritage INEOS Grenadier team today. Our expert team will be more than happy to answer any questions you may have about the New INEOS Grenadier Range or any of our Contract Hire finance options. Alternatively, you can call or visit your local Heritage INEOS Grenadier dealership if you’d prefer to speak to a member of the team over the phone or in person.