Hire or Lease Purchase

Why do end-users of materials handling equipment choose contract hire?

Contract hire is widely seen as the most popular way to operate materials handling equipment. End-users pay a fixed monthly rental which includes maintenance and servicing and enjoy a unique combination of features and benefits.

Contract hire is generally used by businesses that want to…

• fix their materials handling costs for up to 7 years
• offset 100% of rentals against taxable profits
• take advantage of ‘off balance sheet’ funding
• enjoy usage benefits without ownership risks
• use their cash in other areas of the business

With contract hire, end-users have…

• no need to budget for unexpected maintenance costs
• no need to tie up their cash in depreciating assets
• no need to pay big deposits or VAT on delivery
• no need to constantly negotiate servicing costs
• no need to borrow funds on an overdraft facility