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Contract Hire and Leasing Guide


Effective Leasing Rental
All Vehicle Contracts Contract Hire and Leasing Guide - Effective Leasing Rental
  • This is the terminology that displays a true cost to a VAT registered business for a contract hire or finance lease monthly rental. The effective rental is a contract hire or lease rental with 50% of the VAT added to it and then the service element of the rental if applicable with no VAT (as all the VAT can be reclaimed from the Service Rental).

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