Contract Hire

 

Hireco Contract Hire lets you focus your time, energy and capital on your core business, while we provide the resources to help reduce your transportation costs and improve your customer service with improved on-time delivery. Hireco Contract Hire is the ultimate network of fleet services that can be customized specifically to the way your business works. It’s geared to help you lower your operating costs and exposure to risks, as well as increase your uptime.

 

We’ve put over 30 years’ industry experience into Hireco Contract Hire

 

The vision, ingenuity, refinements and dogged determination of 30 years’ industry experience has gone into the development of Hireco Contract Hire, our cost-effective, full-service lease program. This isn’t your one-size-fits-all solution. It’s a highly advanced approach designed with our customers’ best interests in mind. Hireco Contract Hire can help you reduce your operating costs and increase your financial flexibility. That gives you more money to put into your business – whenever and however you want to use it.

 

Of course, low-cost financing, off-balance sheet considerations and the industry’s leading maintenance program are just the beginning with a Hireco Contract Hire. We invest all of our resources into all of yours, resulting in benefits that are tangible and immediate. And our comprehensive program of value-added precision services defines fleet management at its very best.

 

Lease or Ownership

 

Purchasing fleet vehicles ties up your company’s cash in depreciating assets. There’s an alternative way to go. Whether you choose Hireco Contract Hire, or a Hireco Gold Product, leasing frees up working capital, while providing you with predictable transportation expenses and a possible favourable tax impact. Leasing with Hireco helps your bottom line in a number of ways.

 

Low-cost financing

 

Securing new equipment without the up-front investment and because you are leasing, monthly payments will be lower than owning.

 

Maintain access to capital

 

A Hireco Contract Hire is an operating lease and is considered off-balance-sheet financing. Leased vehicles do not show up on your balance sheet as an asset and will not affect financial ratios, making it easier to keep credit options available for growing your business.

 

Predictable expenses

 

Because every Contract Hire includes maintenance and fleet service programs your maintenance and service fees can be fixed helping you to budget your operating costs.

 

Use cash more efficiently

 

Avoid purchasing depreciating assets that have no return on investment and utilize cash to meet day-to-day requirements.

 

Take advantage of peak sales periods profitably

 

With each Contract Hire we establish rates for rental units. That way during peak and seasonal needs you have the right equipment available when you need it. Optimising fleet size in this manner also eliminates the cost of extra vehicles. And that translates into cost savings.

 

Leverage Hireco’s volume buying power

 

Because of our volume purchasing, Hireco enjoys discount pricing on items like service costs and tyres. We pass these savings on to our customers.

 

Tax advantages

 

Operating lease payments are generally tax deductible just like depreciation charges but are made with pre-tax money. Cash purchases, in contrast, are made with after-tax money. Hire purchase agreements allow the lessee to claim capital allowances.