Business Contract Hire (BCH)
Make Your Business Look The Part
Need a fleet of polished cars to elevate your brand? Or maybe just one for client meetings? Business Contract Hire (BCH) lets you rent the wheels your business needs, minus the ownership hassle.
How Does BCH Work?
It’s like a long-term rental for your business. You pay a fixed monthly fee to rent the vehicle for a term that suits you, typically between 24 and 48 months. No fuss, no muss!
Calculating Your Monthly Costs
Your monthly fee depends on several factors:
- Vehicle Value: A pricier car will naturally have higher monthly rentals.
- Contract Length: Choose a term that works for you, from 12 months up to 5 years.
- Mileage: Keep it low to keep your costs low.
- Residual Value: If the car holds its value well, that’s good news for your wallet.
- Interest Rates: Competitive rates mean better deals for you.
- Initial Deposit: Pay more upfront to reduce your monthly payments.
The Perks of Going BCH
- Fixed Rentals: Your monthly payments are set in stone.
- Wide Vehicle Range: Choose from a variety of makes and models.
- Flexible Mileage: Options from 5,000 to 50,000 miles per year.
- Road Tax Included: One less thing to worry about.
- Maintenance Packages: Add-on options for routine servicing, MOTs, and more.
- VAT Benefits: Claim back VAT on rentals and maintenance costs.
Points to Ponder
- Early Exit Fees: Ending the contract early can be costly.
- No Buy Option: You can’t purchase the vehicle at the end.
- Vehicle Condition: Keep it well-maintained to avoid end-of-term charges.
- Mileage Limits: Exceeding your agreed mileage will cost you extra.
What’s the Endgame?
Simply hand the car back when the contract is up. Just be mindful of potential charges for excess mileage or wear and tear beyond the industry standards set by the BVRLA.
Why Choose Oasis Motor Finance for BCH?
- Custom Plans: We tailor BCH deals to meet your business needs.
- Fleet Flexibility: From sedans to SUVs, we’ve got your fleet covered.
- Expert Support: Our dedicated account managers help you navigate the BCH landscape.
Ready to drive your business to the next level? Let’s talk BCH today!