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Business Contract Hire

We are specialists in putting together business contract hire fully maintained deals for small to medium sized companies.

Our customers look to us to create high level ‘fixed cost’ motoring packages. With our contract deals, all you need to do is insure the vehicle and provide the fuel. In short, we buy the vehicle, hand it over to you for the duration of the contract, pay the costs for mechanically keeping it on the road (including new tyres when needed) and then take it back at the end of the term. All very straightforward.

We can also provide additional services which includes services such as 24/7/365 day Driverline; Overseas Travel documents; Accident Management; Road Side Assistance and Windscreen Replacement.

What’s more, monthly rentals can be wholly, or partially offset against Corporation Tax for cars depending on their CO2 banding.  If you need calculate your company car tax and car fuel benefits, you can do that here. You can also download our latest guide to Company Car and Van Tax 2017-18.

Toomey’s Commitment

This is the Toomey promise when you arrange a car leasing agreement with us:

  • Formal Extensions
  • Driver Contact Centre
  • Dedicated Account Management
  • Tailored Solutions for your Business

Our agreements are built on the concept of transparency and integrity, which reflects our philosophy of treating customers and drivers as we would like to be treated.

Talk to us now on 0800 091 4252 for advice and guidance, and a quote, free of obligation or simply contact us

 

FAQ’s

How does business contract hire work?

How does business contract hire work?  The monthly rental charge is calculated based upon the cost of the vehicle, the contract period and the anticipated resale value. It takes into consideration the predicted mileage, service and maintenance costs, together with any additional services such as relief vehicles.

Under a contract hire agreement the leasing company retains ownership of the vehicle at all times and therefore continues to absorb the subsequent risks such as unforeseen running costs, uncertain resale values and disposal

Companies can lease vehicles with or without a maintenance agreement, and contracts can also include a range of additional services that will be tailored to meet the specific needs of your business. These services may include one or more of the following:

  • Direct driver liaison.
  • Monitoring of fleet running costs and provision of analytical data.
  • Alerts to exceptional events as and when they happen.
  • Reduced vehicle maintenance costs through our approved, national network of providers.
  • Maintenance management by qualified engineers who authorise work, check quality and vet every cost.
  • Whole Life Cost (WLC) analysis to ensure your organisation gains maximum value from your fleet policy.
  • Accident management services to deal with administration, control repair costs and provide risk management/cost reduction advice.
  • Warranty and post-warranty claims management.
  • Competitive daily rental.
  • Reallocation programme.
  • Vehicle disposals, handled by experts.
  • 24/7 helpline for service bookings, breakdown/recovery and driver assistance.
  • Fuel card management.
  • Online mileage capture.

Your Account Manager will help you with all of your business car leasing requirements giving you a ‘one-stop-shop’ for all of your vehicle fleet management needs. For more information about how does business contract hire work, please contact us or call 0800 091 4252.

 

How long are the contracts?

The length of the contract will depend on your requirements but will typically range from 12-60 months. Toomey will work with you to understand your requirements in detail before presenting you with a proposal that will provide the best value for your business.

 

Can I benefit from any other additional services

At Toomey Leasing, our focus is getting the very best value from each and every vehicle whilst keeping drivers, fleet managers and business owners happy.

If you consider the amount of time either you or your fleet manager spends on driver issues, liaising with service and maintenance providers, or simply checking invoices to ensure that you are being charged the correct amount, it quickly becomes apparent that you are taking a sizeable amount of resource away from your core business activities; – the activities for which you receive the most return on investment (ROI). Getting the best ROI from your fleet is our area of expertise. We can take all of these every day irritations away from you and we will treat your fleet as if it was our own. You don’t even need to look through or compile specific reports if you don’t want to, – just let us know that what you need and we will do it for you.

Like everything at Toomey, we will tailor your service to include what you need, when you need it. We have a range of fleet management services which may or may not be beneficial to you. Just let us know your requirements and we’ll do the rest, creating a bespoke service package that perfectly fits your business. Our fleet management services include:

  • Direct driver liaison.
  • Monitoring of fleet running costs and provision of analytical data.
  • Online visibility of vehicle job status, records and authorisations.
  • Alerts to exceptional events as and when they happen.
  • Reduced vehicle maintenance costs through our approved, national network of providers.
  • Maintenance management by qualified engineers who authorise work, check quality and vet every cost.
  • Whole Life Cost (WLC) analysis to ensure that your organisation gains maximum value from your fleet policy.
  • Accident management services to deal with administration, control repair costs and provide risk management/cost reduction advice.
  • Warranty and post-warranty claims management.
  • Competitive daily rental.
  • Reallocation programme.
  • Vehicle disposals, handled by experts.
  • 24/7 helpline for service bookings, breakdown/recovery and driver assistance.
  • Fuel card management.
  • Online mileage capture.

If you have any further questions on our support products and services, contact us or call 0800 091 4252.

 

What business leasing vehicles are available?

Toomey predominantly supplies three types of business leasing vehicles to its business customers: cars, light commercials and wheelchair accessible vehicles.

Cars

We have access to all the major manufacturers and brands in Europe. It is this network of partnerships and contacts that makes us expert in finding the right car for your business.

Although we are part of a large and successful sales group, we are independent of the many and varied car dealerships, which enables us to be able to arrange cars from almost any manufacturer.

We can supply any car a customer requires, from the nimblest hatchback, to the most powerful sports car. Additionally, our reputation and status within the market allows us to negotiate excellent deals on behalf of our valued customers.

Light Commercial Vehicles

Toomey Leasing Group is highly experienced in the provision of light commercial vehicles, which require a different approach to cars. We can assist with just one or two commercial vehicles, right up to a fleet of hundreds.

Additionally, we can supply all sizes of vans, tipper trucks, tail-lift or ambulances. We can also handle specialist commercial vehicles including conversions.

What’s more, we can also help procure the best vehicle for your business, with the most appropriate specification, including ply lining, sign writing and emergency lighting.

Wheelchair Accessible Vehicles

Toomey is one of the largest suppliers of wheelchair accessible vehicles in the UK and is trusted by a large number of organisations to provide high quality vehicles at competitive rates. The specialist requirements are met by expert wheelchair accessible vehicle contract hire consultants and quality vehicle converters.

If you have any further questions relating to our business leasing vehicles, contact us or call 0800 091 4252 where one of our experienced team will be happy to help!.

 

What do the business vehicle maintenance packages include?

Servicing, maintaining and repairing your vehicles can bring unexpected costs that you haven’t budgeted for. This can cause problems whether you own one vehicle or lease an entire fleet. One way of budgeting for and overcoming these problems is to enter into a maintenance contract as part of your vehicle financing solution.

Business vehicle maintenance packages vary between business car leasing providers, but here at Toomey Leasing Group, we provide flexible, tailored solutions to meet the individual needs of our customers. So effectively, the maintenance package that you choose for your business could include one or more of the following:

  • General servicing and maintenance carried out by an authorised agent
  • Tyres
  • 24/7/365 driver contact centre support
  • Competitive refurbishment costs
  • Roadside assistance
  • Help with overseas travel documentation
  • Accident management
  • Windscreen replacement (re-chargable)
  • Roadside assistance

The final solution that you decide upon is completely up to you. We will work closely with you to help you to understand the cost implications of including or excluding any of the above, depending on your requirements, and you can make a decision based on all the information and the best fit for your business.

Another benefit of choosing a maintenance package from Toomey is that our ‘one-stop-shop’ approach to Account Management means that your dedicated Account Manager will facilitate everything for you, negating the need for you or your staff to contact different departments to arrange or utilise the different aspects of your contract (as is the case with many other business contract hire companies). This enables you (once again) to, free up your valuable time to focus on your core business activities.

For more information on the specifics of each of the items listed above, please do not hesitate to contact one of our Account Management Team who will be happy to to discuss in detail more about business vehicle maintenance packages.

 

How relevant is Contract Hire it to my business?

As a business owner, business contract hire is always worth considering. Whether you require a number of vehicles to run your business on a day to day basis or just one or two which you also intend to use for personal use, it’s worth doing the calculations.

Firstly, you need to compare the cash flows for different ways of funding and select the one that has the lowest costs. Make sure that taxation is part of this analysis, observing the differences for limited companies, sole traders and partnerships. – The type of company you operate makes a significant difference.

Before taking out any contract, you need to be happy that the contract hire company you have chosen can meet the needs of your business and can really add value. Sum up extras such as value added services and maintenance packages. Check what is, and what is not included. You should also employ the help of an expert – both your accountant and/or your potential business contract hire company will be able to assist you, looking at Whole Life Cost (WLC) analyses for all existing and potential vehicles, tax implications and your future requirements.

For more help with determining if your business could benefit from a contract hire agreement, get in touch with Toomey where one of our experienced Account Managers will be happy to help!.

 

What are the benefits of Business Contract hire?

The running cost of cars and light commercial vehicles is one of the biggest expenses that many businesses face. Add to that the risk of depreciation, and it’s no surprise that the benefits of business contract hire are very attractive.

The most appealing benefit of business contract hire is that a business can avoid as much as 100% of VAT – provided the car is used 100% for business and not personal travel. If it is used for personal travel then you will be able to avoid 50% of VAT on the finance element of the monthly rental and 100% of VAT on the service element Additionally, the monthly payment can be offset against taxable profits thereby reducing the tax the business pays.

Other benefits include:

  • There is no need to arrange to sell the vehicle when a new one is required.
  • It is cheaper than ownership in the long term if your business needs to renew vehicles more frequently than every 5 years.
  • All maintenance, repair and service costs can be included in the monthly fee (which can be offset against tax).
  • Vehicles can be kept fairly new which promotes a successful image of the business.

In addition to these general benefits of business contract hire, with Toomey, our value-added services go the extra mile in ensuring that you get the most cost-effective fleet management solution for your business. These include:

  • Contract amendment
  • Fixed costs for duration of contract
  • Formal Extensions.
  • Driver Contact Centre.
  • Dedicated Account Management.
  • Tailored Solutions for your Business.

Our agreements are built on transparency and integrity, which reflects our philosophy of treating customers and drivers as we would like to be treated.

Talk to us now on 0800 091 4252 for advice, guidance, and a free, no obligation quotation or simply contact us now!.