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How Does It Work?
The monthly rental charged is calculated from the cost of the vehicle, the
contract period and the anticipated resale value. It is also takes into consideration
the predicted mileage, maintenance costs and relief vehicle packages can also
be included.
Under a Contract Hire agreement the finance company retains ownership of the
vehicle at all times and therefore continues to absorb the subsequent risks
such as unforeseen running costs and uncertain resale values.
Companies also benefit from being able to claim 50% of the VAT element on
car rentals and 100% on commercial vehicle rentals and any maintenance rentals
Contract Hire is available to both business and personal agreements and DC
Cook are very happy to be able to offer extremely competitive contract hire
and personal contract hire deals on our range of new cars, vans and commercial
vehicles.
Please check back soon for our new Contract hire offers page.
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