Business Contract Hire
Whether you're an SME or a larger business, Our excellent range of business contract hire (BCH) deals allow you and your company to benefit from a brand-new vehicle without the long term costs associated to car ownership.
With an extensive network of manufacturers, dealers and funders, our expert leasing consultants can help you find the perfect match.
What is Business Contract Hire (BCH)?
Business Contract Hire (otherwise known as BCH) is a form of leasing that allows you to enjoy the benefits of a brand-new car or van. It works in a similar way to personal vehicle leasing, so you'll pay an initial payment upfront, which is then followed by fixed monthly payments over the duration of your agreement.
However, the lease agreement will be taken out in your company's name on your behalf. Limited organisations, public companies, partnerships and sole traders can all benefit from business car leasing, and you can also choose to integrate the costs of maintenance and insurance into your package too, allowing you to make one simple payment each month.
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How does BCH work?
Leasing a car with Evans Halshaw Leasing through a business contract hire agreement is a very simple process. After finding a suitable vehicle, you'll pay an initial deposit followed by fixed monthly payments for the duration of your agreement.
Generally speaking, you'll follow these steps:
- Browse through our extensive range of business lease deals to find your perfect match.
- Submit an enquiry/application and our expert leasing consultants will get in touch to discuss your agreement in further detail.
- Once your vehicle is delivered, you'll simply have to pay the fixed monthly payment and enjoy everything your car has to offer.
- At the end of your agreement, you're free to replace your vehicle with a newer model or walk away with no questions asked.
Unlike PCH agreements, your vehicle will be leased in your company's name on your behalf. You're also able to claim back up to 100% of the VAT, for additional savings.
What are the benefits of business leasing?
There are a plethora of pros associated with business vehicle leasing, allowing you and your business to benefit compared to other forms of vehicle purchase agreements. These include:
- Improved cash flow: Purchasing a car outright can be a big hit on your balance sheets, whereas fixed monthly payments allow you to better plan for business expenses.
- Brand-new vehicles: Business lease deals allow you to access the latest and greatest in automotive technology, ensuring each trip you take is a pleasant one.
- Lower costs: When leasing, your monthly payment is generally cheaper than buying a car outright and you won't be hit by hefty depreciation like you are when selling a car.
- Staff perks: Offering business lease deals to your employees is a great way of improving morale and retention, allowing them to benefit from the additional savings, too.
- One simple payment: With our business lease deals, you can choose to integrate the costs of maintenance and insurance into one simple payment.
Is a business vehicle lease right for me?
Business contract hire agreements are a fantastic choice for many companies and their employees, allowing you to get behind a brand-new car every few years while making enhanced savings over time. Business lease deals are available to a wide range of entities too, including small businesses, sole traders, and partnerships as well as larger limited companies and private limited companies (PLCs).
If you're considering a business vehicle lease, there are some factors to consider, though:
- Monthly payment: It's worth working out an affordable monthly budget and finding a car that fits the bill.
- Annual mileage allowance: Your lease agreement will be limited as to how many miles you can travel per annum, so make sure you give yourself enough to cover your commute, school run and any other trip you'll be taking in the car.
- Future plans: You're liable for the payments and terms agreed when signing the lease deal, so consider your future plans to ensure a lease agreement is the right option.
- Maintenance: While you’re not the legal owner of the car, you’re still responsible for the general upkeep of the vehicle while it’s in your possession. Consider the costs of comprehensive insurance and maintenance if not taking out a complete package.
Models our business customers love
1. BMW iX | 6. BMW i4 |
2. Lotus Eletre | 7. Ford Ranger |
3. Porsche Taycan | 8. Toyota Hilux |
4. Kia Niro EV | 9. BMW iX1 |
5. Audi Q4 | 10. Audi Q8 |
We're more than a BCH agreement provider
Hear how we support our business customers through every step of their journey.
Ready to apply?
Simply fill out your details online to start your leasing journey.
Frequently Asked Questions
Is a business car lease deal tax deductible?
Yes, cars leased through a business contract hire agreement are tax deductible, but the exact amount you will save depends on what the car is used for. If it's used solely for business purposes, then you're able to claim back up to 100% of the VAT, but if it's used for both business and personal use, you're able to reclaim up to 50% depending on personal circumstances.
Is a business lease cheaper than a personal lease?
For many businesses and employees, leasing a car through a business contract hire agreement allows you to save a significant amount of money compared to a personal contract hire agreement. This is primarily due to the fact you can reclaim up to 100% of the VAT associated to the agreement.
Do you have to be a VAT registered company to lease a business car?
There are a variety of circumstances that make you eligible for a business vehicle lease, meaning you do not have to be a VAT-registered company to lease a vehicle. However, only VAT-registered companies (or those that work for them) will be able to reclaim the VAT on their lease payment, allowing you to benefit from additional savings.
Do you need good credit for a business lease deal?
Whilst it's easier to get a business lease deal with good or excellent credit, we are able to discuss your personal circumstances in more detail and provide you with the best offers available. This means that business leasing is possible for those with bad credit.
What happens to the vehicle at the end of the business lease agreement?
When your business lease deal is coming to an end, you'll have a couple of options. A significant amount of BCH users choose to agree a new deal on a brand-new car, ensuring they continue to enjoy the benefits for years to come. You can also choose to simply hand the car back and walk away with no questions asked, allowing you to consider your options before you make a decision.
It's worth noting that at the end of a BCH agreement, the vehicle will be inspected to ensure it's been correctly maintained and cared for. Anything outside of the fair wear and tear guidelines may see you issued with additional charges to repair any issues. An independent inspection company will carry out these checks to ensure it's a fair process.
What details and documents will I need when applying for a business lease deal?
To apply for one of our business lease deals, we will typically ask for the following information:
- Proof of identity: This will include personal information including a form of identification, address and bank details.
- Proof of business: Company details including address, contract information, registration number and business name.
- Additional information: Depending on your individual circumstances, we may ask for additional information related to your personal and business details.
Our expert consultants are able to provide further information on the exact documents you need, allowing you to prepare this information in advance to make the experience smoother.