ALD is one of the leading company car contract hire service providers in the UK, delivering reliable contract hire solutions since 1985.
What is company car contract hire?
Contract hire or company contract hire is also known as a vehicle operating lease. It is a funding solution offered to individual dealers, partnerships or limited companies. A company will lease a vehicle under an ALD contract hire and leasing agreement for a predetermined mileage and leasing period of 12 to 60 months, in exchange for monthly repayments.
When the contract hire agreement ends, the company will simply return the leased vehicle to ALD. There will be no additional costs as long as the fixed mileage has not been exceeded and the vehicle is still in good condition.
How does it work?
ALD takes responsibility for the vehicle funding, depreciation and associated management costs in exchange for monthly fees. Supplementary fees are also included for a maintenance-inclusive contract. This service provided by ALD means that we cover the cost of regular maintenance and repairs that occur within the contract hire period.
What vehicles can be leased?
ALD offers a wide variety of flexible vehicle options for contract hire, from low to high-end vehicles. Our vehicles vary from their distinct features and performance capabilities to suit every need and requirement of the client. In addition, you can also choose a van contract hire service if your fleet needs a larger mode of transport.
What are the benefits?
ALD’s contract hire services can provide several benefits in three major parts: finance, management and working competence. Here are some of the benefits:
- Makes for better cash flow
- Increases ROI (return on investment)
- Eliminates the need to obtain the vehicles yourself
- Affords large fleet purchasing power
- Extra source of funding
- Less vehicle administration
- Eradicates vehicle disposal difficulties
- No need to negotiate with garages or analyse maintenance bills
- Automatic annual vehicle excise duty renewal
- Guaranteed continuous mobility
- No risk of maintenance cost (with maintenance-inclusive contracts)
Contact us on 087000 111 81 to get a free quote. You can also visit our website for more details.