Finance options
If you're considering financing a vehicle through, or for your business, we're here to help you make the right choices.
Hyundai Contract Hire
Hyundai's official Contract Hire and Fleet Management operation - where we believe it's good to be different. Hyundai Contract Hire offers a comprehensive range of vehicles, allowing you to choose a vehicle to suit your business needs.
Leasing Options
The typical contract hire arrangement is simple: you lease a vehicle for a fixed period of time, for a set number of miles, for a fixed rental. All you have to do is insure the vehicle, fill it with fuel and return the vehicle to us at the end of the contract. The rental agreement covers everything from depreciation risk, to breakdown cover and road fund licence for the duration of the contract, and can encompass full maintenance cover to include tyre replacement.
Benefits of Contract Hire with Hyundai Contract Hire:
- Eases cash flow and allows forecasted budgeting for vehicle costs
- Off-balance-sheet funding, the vehicle rental payment is shown as an expense not an asset
- No need for specialist knowledge of car procurement and disposal
- You can reclaim 50% of the VAT on the finance element of the rental (provided you are VAT registered)
- You can reclaim 100% of the VAT on the service element of the rental (provided you are VAT registered)
- We use the VAT exclusive capital cost to calculate the rentals which means you pay lower monthly rentals
- No depreciation risk
- Vehicles are serviced and maintained by your preferred or local retailer
For companies, contract hire remains the most popular funding option because it's a cost-effective way to acquire business vehicles. As a fixed-cost, off-balance-sheet solution, it helps with budgeting and cash flow. At the end of the contract period, you simply return the vehicle(s), and provided all the terms of the agreement have been met, we arrange delivery of your new one(s). Typically, contract hire has proven ideal for public limited companies (PLCs), limited companies, partnerships, sole traders, charities, local authorities and private individuals.
Types of Contract
Replacement vehicle provision can protect you in the unlikely event of a mechanical breakdown or accident damage. When you choose this coverage, we provide a replacement vehicle while your leased vehicle is repaired.
The full maintenance option makes life even simpler: it covers all routine servicing, maintenance and repairs, plus replacement parts required as a result of fair wear and tear. (Excludes fuel and insurance.)
European breakdown cover provides extra peace of mind when you travel to the continent. Our Five- Star package includes 24-hour roadside assistance, emergency car hire, emergency accommodation, vehicle recovery to the UK and legal expenses. (Please note, you'll still need to obtain adequate insurance cover separately.)
Our Vehicle Purchase Scheme is useful should you, the driver, or the driver's family members or friends wish to purchase a Hyundai Contract Hire vehicle when the contract ends. We offer a competitive package that can include finance and extended motor club cover.
Minilease is a short-term hire option that is useful when you need to cater for temporary staff and fill an unexpected gap in your business, give employees immediate access to a company car or accommodate seasonal fluctuations in business. When it's impractical for your drivers to use their own vehicles and daily rental becomes too expensive, Minilease is an attractive short-term solution without long-term commitment. However, if you hire vehicles for more than 28 days, even more significant savings are available.
