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Contract Hire
If you require one fixed rental to cover both the finance and the maintenance of the equipment, to give fixed budgeting with no unexpected repair bills, you can choose a Contract Hire agreement. The agreement runs for a specified period, normally five years, and the equipment is collected at the end of the period when a new truck can be supplied. During the agreement the finance element of the rental paid can be substantially lower due the fact that the rentals reflect less than 100% of the equipment cost. All rentals payable are allowable against taxable income.