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Contract Hire and Leasing Guide

Contract hire with maintenance benefits

Contract hire with maintenance offers a comprehensive solution for businesses and individuals seeking a hassle-free approach to managing vehicle expenses. This type of agreement provides a fixed cost for motoring, covering all servicing and maintenance costs, thereby eliminating the risk of unexpected bills.

This predictability is a significant advantage, allowing for more accurate budgeting and financial planning. The inclusion of costs such as additional servicing, maintenance, road fund licence, tyre replacements, and the current MOT certificate ensures that vehicles are kept in optimal condition without any hidden expenses.

The benefits of opting for a contract hire with maintenance extend beyond just financial predictability. It significantly reduces the risk associated with vehicle maintenance expenditure and contract return conditions.

Since maintenance costs are spread across a large fleet, individuals and SMEs can enjoy the economies of scale that come with such agreements. This setup not only covers unforeseen maintenance costs like clutch replacements or mechanical failures but also ensures vehicles remain compliant with service intervals, thus maintaining their value and reliability.

Furthermore, contract hire with maintenance can lead to potential savings and incentives offered by providers aiming to encourage this type of business. These benefits, coupled with the peace of mind that comes from knowing all vehicle maintenance needs are covered, make contract hire with maintenance an appealing option for many.

However, it's important to weigh this against contract hire without maintenance, considering individual circumstances and vehicle usage patterns. Ultimately, the choice between the two options should be informed by a thorough comparison to identify which best meets the specific needs and financial objectives of the user or business.

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