Contract hire

Contract Hire through AMI Vehicle Leasing remains as one of the most efficient ways of funding your fleet. We provide a vehicle of your choice for an agreed time period and mileage with a fixed monthly rental for the contract term. All costs are fixed within the contract terms, allowing you to budget effectively.

Contract hire is a finance solution available to VAT registered sole traders, partnerships and limited companies. These organisations can claim back 50% of the VAT on the finance element. It also allows the company to concentrate on their core business activities, while avoiding the financial risk and administrative burden of owning their vehicle fleet. AMI Vehicle Leasing are liable for the residual value risk.

How Does It Work?

Your company hires a vehicle from us for a specified period of time and makes regular fixed monthly payments. AMI Vehicle Leasing retains the ownership of the vehicle and is responsible for the associated risks including the residual value. We will handle the administration from sourcing your vehicle to its disposal at the end of the term. At the end of the contract period, the vehicle is returned or collected by AMI.

What Are the Benefits and what’s included?

  • Fixed rentals for the whole package, making budget planning easier
  • Flexible terms to meet your requirements with variable payment profiles, duration and mileage terms
  • Full Maintenance of vehicles can be included in monthly rentals, and so spreading costs, again making budget planning an easier process
  • AMI Vehicle Leasing offer cost only maintenance programs if required
  • Contract hire removes depreciating assets from the balance sheet and the associated risks of owning vehicles
  • Flexible invoice arrangements help to considerably reduce administration
  • Contract Hire agreements range from 24-48 months and are tailored to the business requirements.
  • AMI Vehicle Leasing can offer brand new or nearly new vehicles