Contract Hire
Contract Hire is the ideal solution for companies or organisations who do not want the financial risk and administrative burden of buying, running, servicing and disposing of their own car and van fleets.
A vehicle – car or commercial – can be hired from Days Contract Hire for a pre-determined length of time at a fixed monthly rental. Days are the legal owners of the vehicle and therefore retain all of the risks associated with that. At the end of the contract, the vehicle is returned to Days with no obligation to buy or purchase a final rental.
Rental will always include:
· Cost of vehicle funding
· Cost of vehicle depreciation
· Road Fund Licence
· Dedicated service from Account Executive and supporting team
For an additional cost, the rental can include:
· All maintenance, service, repairs, tyres and batteries
· AA Fleet Europe
· Relief Vehicle
Benefits
Key benefits to the Business User of choosing Contract Hire:
Financial
Reduced Front End Cost – Full fleet discount passed onto customer via rental
Increased Purchasing Power – Rental utilises Days Contract Hire ‘purchasing power’ enabling you to buy at the same price as a 10,000 vehicle fleet
VAT Efficient – Days Contract Hire reclaims VAT on purchase therefore reducing capital cost and funding further
Tax Efficient – Contract Hire accelerates capital allowances back into your business
Off Balance Sheet – All rentals attributed to p&l account
Improved Company Gearing – Asset to borrowing ratio
Alternative Funding Avenue – Placing the funding of your fleet off balance sheet with Days Contract Hire will reduce your existing borrowing, freeing up bank overdrafts or loans for expansion of your business rather than in heavily depreciating assets.
Cashflow – Single monthly rental throughout contract, no peaks and troughs as servicing required*
Fixed Monthly Costs – Allowing accurate budgeting of your fleet for the next 3 or 4 years
No Risk – All risk of ownership is taken by Days Contract Hire, therefore no accruals are required to off set future losses
*Denotes full maintenance contracts only
Operational
Reduced administration
Single monthly invoice from single supplier
All driver queries relating to vehicles are undertaken by Days
Vehicle Road Fund Licence sent direct to you, no more going to post office to renew
Assistance given with P11d reporting
Quarterly Management reports produced
Full legislation & taxation advice, keeping ahead of any developments and legal issues
Drive Experience
24 hour/365 days a year professional assistance & help
Single telephone number for all vehicle related issues including service repair booking
Ability to gain assistance, service & repairs NATIONWIDE
Access to tyre, battery & exhaust replacement NATIONWIDE
UK & Europe breakdown recovery service
All of the above are subject to full maintenance contracts only
Extras
Extra's from Days Contract Hire on delivery
· Driver safety pack (warning triangle, first aid kit, high visibility safety waistcoat EN471, gloves, accident camera kit, rubber torch with batteries, latex gloves)
· Driver instruction leaflet
· Tax disc holder with one stop tel no.