At Hughes smart we offer a range of Business Finance options including:
If you run a small business and want to run a smart without worrying about its future value or the hassle of eventually selling it, a Contract Hire agreement could be for you. We’ll agree a plan of fixed monthly rentals lasting for one to four years. At the end of the contract you simply hand the car back, subject to mileage and vehicle condition, and start a new agreement on a brand new smart. You can budget ahead by adding servicing, maintenance and tyre costs to your agreement. It may even be possible for your business to recover the VAT on these elements. We recommend that you seek independent tax advice.
After an agreed rental term of between one and four years, Finance Lease allows you to sell the vehicle on our behalf in return for a possible rebate on rentals. There's also a bonus for VAT-registered businesses. Contact our team to see if you can claim a proportion of the rentals as a business expense against taxable profit.
Spread payments over one to four years, and with the option of holding back part of the cost until the end, your business could enjoy the practical and cost-effective option of driving its own cars. Also, if your business isn't VAT registered, speak to our team to see just how cost-effective Lease Purchase can be.