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Contract Hire and Leasing Guide

Benefits of contracts with full maintenance

Fully maintained contracts are a beacon of convenience and reassurance in the world of vehicle management, offering a seamless solution to handle unexpected maintenance bills while facilitating precise budget planning for company car maintenance costs. This holistic approach to vehicle maintenance not only provides peace of mind but also introduces a level of financial predictability into an otherwise variable expense area.

Companies and individuals alike are encouraged to weigh the benefits of contracts with full maintenance against those without, to ensure they select the option that most closely aligns with their motoring needs and financial strategies.

The essence of a fully maintained contract lies in its comprehensive coverage, which spans additional servicing and maintenance needs, road fund licence fees for the duration of the contract, and the provision and replacement of tyres due to normal wear and tear. This extensive support extends to ensuring vehicles remain in prime condition according to manufacturer recommendations, including the upkeep of a current MOT certificate where necessary.

The advantage of such contracts is the mitigation of risk associated with unforeseen maintenance expenses, offering a fixed cost solution that enables effective budgeting without the worry of unexpected financial outlays for vehicle upkeep.

Furthermore, contracts with maintenance not only safeguard against unpredictable maintenance costs but also bolster the vehicle's end-of-contract value.

Providers of maintained contracts often incentivize this option through financial benefits such as reduced funding costs or an uplift in the predicted residual value of the vehicle, enhancing the cost-effectiveness of the contract. However, it's essential to note that such contracts may not cover all scenarios, such as accidental damage or issues arising from negligence, which remain under the purview of insurance. As with any significant financial decision, it's advisable to thoroughly compare and contrast the available contract options, taking into account the potential for savings and the alignment with one's vehicular and financial requirements.

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