Contract Hire and Leasing has quickly become one of the most popular ways of acquiring a brand new van for many businesses. The biggest benefit when it comes to van leasing is that all of the monthly payments are fixed and calculated upfront based on the contract terms and mileage tailored to the customer's needs. The finance company takes the risk of the van's value at the end of the lease, meaning one less worry for the customer. Additionally, 100% of the VAT is reclaimable when leasing a commercial vehicle and the monthly payments can be offset against corporation tax as they are classed as a true business expense.

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