Business Contract Hire is commonly referred to as vehicle lease and allows businesses a fixed payment method for the use of a vehicle for a term of normally between 12-48 months. The payments attract VAT of which for cars 50% and for commercial vehicles 100% of the finance element is reclaimable, 100% of the VAT for any maintenance payment is reclaimable. The rental payments are also classed as a true business expense so can be wholly offset against corporation tax. The benefits are fixed monthly payments with no disposal risk but reasonable care has to be taken of the vehicle and also there is an obligation to remain under the stated mileage at the contract inception or the finance company will levy a charge for loss of value.
Email : email@example.com
Company Registration Number: 02750308
Mann Island Finance is regulated by the Financial Conduct Authority,
Registration number: 661294
VAT Number: 480912639
Data Protection Number: Z5593398
|Monday:||9:00am - 5:30pm|
|Tuesday:||9:00am - 5:30pm|
|Wednesday:||9:00am - 5:30pm|
|Thursday:||9:00am - 5:30pm|
|Friday:||9:00am - 5:00pm|
* All vehicle images and car descriptions on this site are for illustration and reference purposes only and are not necessarily an accurate representation of the vehicle on offer.
T: 0333 344 7363
F: 0370 240 3700
Mann Island Finance
Corporate Vehicle Services
5 St Paul's Square
Mann Island Finance Limited is part of the Investec group of companies. Authorised and regulated by the Financial Conduct Authority for credit-related regulated activities. Mann Island Limited is a credit-broker, not a lender. Registered office: Reading International Business Park, Reading, RG2 6AA. Registered in England. Company registration no. 02750308. Business customers may not be protected under the Consumer Credit Act 1974 or the rules of the Financial Conduct Authority.
Data Protection No : Z5593398
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