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Kia cee’d Contract Hire l Kia cee’d SW Contract Hire l Kia pro_ceed Contract Hire l Kia Carens Contract Hire
Kia Sedona Contract Hire l New Kia Sportage Contract Hire l Kia Sorento Contract Hire
Viking Garages is an authorised Kia Dealer.
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•What is Contract Hire?
Contract Hire is a contract for renting a vehicle. Contract hire has many advantages, especially for businesses as it can be tax efficient, cash flow friendly and easy to administer.
•What are the benefits of Contract Hire?
Contract Hire is a contract for renting a vehicle. Contract hire has many advantages, especially for businesses as it can be tax efficient, cash flow friendly and easy to administer.
•What are the benefits of Contract Hire?
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No risk on vehicle disposals
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It is VAT efficient
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Minimal capital outlay
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It is tax de-
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•What service options are usually included?
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Standard maintenance costs
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Batteries
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Exhausts
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Unlimited tyres
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Scheduled servicing
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• Full breakdown cover
•Is road fund licence included in the price?
The road fund licence is included for the duration of the contract
•Is Insurance included in the price?
We do not provide insurance, but we can refer you to companies that are specialists with corporate insurance.
•What happens if I go over my contracted mileage?
If you exceed the number of miles that your contract states you will have to pay the excess mileage charge which is payable at the end of the contract. However we can change your contract anytime before the last 6 months so this might prevent you from having to pay the excess mileage.
•Does benefit in kind tax still apply with Contract Hire?
Yes, Contract Hire is only a means of funding and managing a vehicle to your company, this does not make any difference to the benefit in kind tax.
•Can I cancel my contract whenever i wish?
You can cancel your contract at any time but you will still be liable for the amount of outstanding rentals. However some contracts allow for a 50% discount on the balance of rentals still due to be paid after cancellation.
•What happens to the car when the contract is finished?
If your company does not mind, then we can give the driver the chance to buy the car at the end of the contract. The price will be what is considered to be the trade value of the vehicle at the time of sale.
•What financial information do you require to arrange credit facilities?
So that we can propose you to the finance underwriter we require as much information as you are ready to offer. The majority of our clients just need to provide recent accounts, if you these are not available to you, management accounts or bank statements maybe sufficient.
•Is road fund licence included in the price?
The road fund licence is included for the duration of the contract
•Is Insurance included in the price?
We do not provide insurance, but we can refer you to companies that are specialists with corporate insurance.
•What happens if I go over my contracted mileage?
If you exceed the number of miles that your contract states you will have to pay the excess mileage charge which is payable at the end of the contract. However we can change your contract anytime before the last 6 months so this might prevent you from having to pay the excess mileage.
•Does benefit in kind tax still apply with Contract Hire?
Yes, Contract Hire is only a means of funding and managing a vehicle to your company, this does not make any difference to the benefit in kind tax.
•Can I cancel my contract whenever i wish?
You can cancel your contract at any time but you will still be liable for the amount of outstanding rentals. However some contracts allow for a 50% discount on the balance of rentals still due to be paid after cancellation.
•What happens to the car when the contract is finished?
If your company does not mind, then we can give the driver the chance to buy the car at the end of the contract. The price will be what is considered to be the trade value of the vehicle at the time of sale.
•What financial information do you require to arrange credit facilities?
So that we can propose you to the finance underwriter we require as much information as you are ready to offer. The majority of our clients just need to provide recent accounts, if you these are not available to you, management accounts or bank statements maybe sufficient.