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Contract Hire
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Important informationSome general information
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What is contract hire?
Contract hire is a method of vehicle leasing where a company agrees to pay a fixed monthly fee for the use of a vehicle for a set period of time.
Who is required to file contract hire?
Companies or individuals who lease vehicles through a contract hire agreement are required to file contract hire.
How to fill out contract hire?
Contract hire can be filled out by providing information about the leased vehicle, lease terms, and monthly payment amount.
What is the purpose of contract hire?
The purpose of contract hire is to provide companies or individuals with access to vehicles without the upfront cost of purchasing them outright.
What information must be reported on contract hire?
Information such as the leased vehicle's make, model, registration number, lease start and end dates, and monthly payment amount must be reported on contract hire.
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