Contract Hire for Construction Equipment

Wheeled assets are a crucial but expensive part of any construction company. Contract hire gives your business more options when acquiring new cars, vans, or other wheeled assets.

Contract hire – also known as operating lease – funds a vehicle’s use over a set term without overall ownership at the end of the agreement. If you want to own the asset after the agreed period, Vehicle Finance (or PCP) may be a more suitable solution, with an optional final balloon payment to purchase. With contract hire, you can return the asset and select a new one with a new lease timed to coincide with the end of your contract. 

Contract hire agreements often require low deposits and terms of typically up to 48 months. VAT payments are made in addition to the initial deposit and periodic rental payment. 

With a dedicated Account Director on hand, Full Metal Finance focuses on providing vehicle hire suited to your business’s specific needs. Little or large, construction companies looking for a shorter contract period or ‘off balance sheet’ solution are well suited to contract hire solutions. 

Low deposit

Tax-efficient

Short contract

Why choose contract hire for your construction assets

Contract hire is a flexible option for financing construction machinery. With operating leases, there’s no need to worry about the disadvantages of asset ownership and included maintenance packages help keep your asset working throughout the agreement period. 

Once your agreement term is over, selecting a new asset and beginning a new contract hire lease is simple. 

  • Perfect as a shorter-term solution
  • A quick and easy fix for vehicle acquisition
  • Repair and maintenance packages available
Contract Hire Solutions with Full Metal Finance

If you’re looking for a short-term solution with great rates, contract hire is the perfect option for your business. 

Get in touch with our Account Directors today to discuss your options. With hundreds of 5* reviews on Trustpilot, Full Metal Finance is one of the most trusted brokers in the construction space.

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