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Here at Bells Motor Group we know that many companies are more hesitant when investing in new vehicles – which is why we’re doing all we can to make adding a Volvo to your fleet as worry-free as possible. Business Contract Hire through Volvo Car Leasing is a cost efficient way and for many businesses a tax efficient way of acquiring a new car with the added benefit of being a fixed cost solution. Your costs are managed through a fixed rental based on a flexible term and annual mileage. Annual road tax is included and you can also choose with maintenance, including tyres and servicing. At the end of the contract you simply return the vehicle (subject to mileage and condition) without worrying about depreciation or disposal costs.
Plus, Business Contract Hire is accounted for as a direct expense and therefore is off balance sheet. A minimum of 85% of the rental is allowable against corporation tax, and can be fully offset if the vehicle’s CO2 emissions are under 130 g/km.
Volvo Contract Hire with us enables you to make a cost-effective investment in company transportation without having to worry about depreciation, resale or fluctuating costs.
Contract Hire is an efficient way of funding the use of a vehicle without the costs of ownership. Forward planning is simplified through fixed costs – and you avoid the difficulty of taking into account lifetime depreciation, ongoing maintenance and, ultimately, vehicle disposal.
Through Volvo Car Leasing, you only pay for the amount the vehicle has depreciated during its use, based on the mileage you cover. At the end of your contract, your vehicle is simply returned to Volvo.
Benefit in Kind (BIK) taxation for Volvo cars starts from £55.00 per month for 20% tax payer (£110.00 per month for a 40% tax payer) For more information call Garry our Local Business Sales Manager today on 01604 320693.
