Should you Choose Contract Hire over Outright Purchase?What are the Benefits of Contract Hire Over Outright Purchase?
The popularity of Contract Hire has soared in recent years, with many businesses reaping its rewards. But there are still a large number of fleets today that choose to purchase outright instead. When considering a new lease vehicle, it can be tough deciding whether to lease it under Contract Hire or simply buy it outright. You may have purchased your vehicles outright in the past – but how do you know if that is the right choice?
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- Time is money – Buying, managing and selling vehicles is also time consuming in itself. With many companies’ revenues, margins and resources under more pressure than ever before, this extra responsibility can have a big impact.