Contract Hire

Through Contract Hire, TP Waters can directly fund and manage vehicles throughout Ireland. This means we can handle all aspects of the contract - taking away the hassle of dealing with third parties.

Some benefits of Contract Hire include:

  • Off Balance-sheet funding
  • Low Interest Rates via SBCI
  • Rentals allowable against taxable income
  • Frees up cash flow
  • Removes residual value risk and disposal headaches
  • Releases capital and cleans up balance sheet
  • Funding with Non High-Street lenders - Bank facilities
  • Allows all staff concentrate on core business
  • Flexibility during and at end of contract
  • No vehicle admin headaches
  • Fixed costs

Financial Benefits include:

Vat -

  • Finance rental on cars - 20% reclaimable
  • Finance rental on Cat B and C commercials - 100% reclaimable
  • Maintenance element on cars and commercials - 100% reclaimable

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Copyright © 2017. All Rights Reserved

Copyright © 2017. All Rights Reserved