Contract Hire

Contract Hire involves leasing a vehicle for a set period of time, with a predefined mileage rate, for a fixed monthly cost. This monthly cost is calculated using the overall value of the vehicle, the amount of months required to finance the cost, the estimated annual mileage and the expected depreciation of the vehicle over the required finance period.

FML provide a selection of additional services that can be included within the monthly contract, these are aimed to maximise savings in time, administration and unforeseen costs:

• Breakdown and Recovery
• Sale & Leaseback
• Replacement Vehicles
• Administration, Reporting and Management Information

Benefits of Contract Hire

• Cost Effective
• Flexible Contract Terms
• Off balance sheet
• VAT and Tax efficient
• Fixed Cost Motoring
• Management Information and Reporting
• FML Buying Power
• Manufacturer discounts available.

If you would like any more information on the services we provide, please contact us to discuss your requirements.