Fleet Hire

What is Fleet Hire?

Fleet Hire is a convenient and cost-effective way to finance any vehicle of your choice. Furthermore it’s the only method of vehicle acquisition that does not appear on your company’s balance sheet. With just one regular monthly payment, you can choose between 2 comprehensive packages, one that includes on-the-road maintenance and one that does not.

Benefits of choosing a vehicle with on-the-road maintenance:

  • Fixed monthly running costs
  • No maintenance headaches
  • No insurance worries
  • A courtesy vehicle provided free-of-charge in the event of a breakdown or accident
  • A large, island-wide garage network for assistance
  • 24/7, 365 days dedicated customer service
  • Professional vehicle recovery teams on stand-by for peace of mind and security
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What are the financial advantages of this service?

A fixed rental cost for the duration of the contract

The ability to use your finances on your core business instead of using them on the purchase of vehicles

All servicing and maintenance costs can be included

All administration is handled by CF Contract Hire, from sourcing your vehicles, financing, servicing and maintenance right through to disposal

Equal payments over the contract term

Choice of payment profiles

Choice of maintenance options

Reduced administration costs

Improved budgeting

Ability to leverage buying power

Evens out running costs

Cost control through our expertise and experience in the field

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What about repair bills?

If you decide to go for a contract hire agreement that includes maintenance, we’ll pick up the tab and supply you with a replacement vehicle free-of-charge if your vehicle is off the road for more than 08 hours.

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Is there a minimum hire period?

Where the period of hire in concerned, the choice is yours. We help you decide on the length of contract that best suits your company's requirements by taking into account factors such as the company’s current cash flow position, economic mileage parameters, general company car policy and maintenance of the company’s image.

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Is there a Sale and Leaseback facility I can utilize for my existing fleet?

Yes there is. You can sell your existing fleet of vehicles or equipment to Central Finance at the current market value and hire them back through CF Contract Hire to unlock the value of your fixed assets, improve your balance sheet and realize tax benefits.

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Benefits of Sale and Leaseback

Focuses on the core-mission -Sale and lease back transactions allow the owner to focus on the core mission.

Improves the balance sheet - The proceeds from sale and lease back transactions can reduce debt.