Mitsubishi Finance
Key benefits of contract hire
Road Fund Tax
Administration and payment of Vehicle Excise Duty for the period of the contract is handled for you.
Fixed Annual Rentals
The rentals are agreed at quotation stage and remain constant for the duration of the contract.
Depreciation Risk Removed
As Mitsubishi Contract Motoring own the vehicle, you have no worries about depreciation and re-sale value, subject to fair wear and tear provisions.
VAT Reclaimable
100% VAT reclaimable on commercial vehicles (all L200s) or cars with 100% business use.
50% VAT reclaimable on cars with any element of private use.
100% VAT reclaimable on the maintenance contract (LCV & Car, regardless of use).
Off Balance Sheet Funding
The vehicle shows on Mitsubishi Contract Motoring's balance sheet as they are the owners, thereby avoiding depreciating assets adversely affecting your balance sheet gearing.
