AURIC - VEHICLE SOLUTIONS
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*		 * contract hire
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contract hire


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Contract Hire is an Operating Lease whereby funds used by the customer to finance the fleet are released and vehicles are leased from Auric for a fixed rental.

The cost of the fleet is removed from the Balance Sheet.

The risk of the maintenance and residual value is carried by our Banking Partners.

The day-to-day management of the fleet will be carried out by Auric.

Contract Hire is particularly suitable for customers having VAT capacity and where the majority of the fleet comprises of passenger vehicles with a list price of less than circa £18,000.

Why choose Contract Hire?

  • Release of capital enables investment in business or reduction of borrowings
  • Cost of fleet Off Balance Sheet, improved accountancy performance ratio, e.g. return on Assets
  • Management of Fleet releases management & administrative resource
  • Fixed monthly rental allows accurate budgeting
  • Financial risk with Bank. Relief from financial risk of residual value and maintenance
  • VAT efficient purchasing. Savings included in rental stream
  • Consolidated Invoicing Minimal administration
  • Auric will produce management reports to enable you to make ‘data based’ decisions
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