Step 1.

Advanced rental

You pay the advanced rental ranging from 3 to 12 months upfront.

Step 2.

Balance to fund

Fixed monthly rental for the duration of your contract.

Step 3.

At the end

At the end of your agreement you simply return the vehicle back to us.*

The benefits of Renault Contract Hire:

  • Road Fund licence included
  • Flexibility to increase your contract term and mileage.
  • Optional servicing, maintenance and tyre options brings all running costs into one package
  • Reduced VAT paid by business, as monthly vehicle payments can be offset against taxable profits
  • Vehicles on Contract Hire are classified as ‘off balance sheet’ and therefore has accounting benefits by improving the financial ratios for the business
  • VAT registered businesses are able to claim 100% of the VAT back if the vehicle is used exclusively for business.
  • If vehicle used privately, 50% of the VAT can be reclaimed on the finance of the rental