Contract Hire

Northern Asset Finance offers Contract Hire - an increasingly popular way of financing cars, light commercial vehicles, forklift trucks, access lifts/platforms - in association with contract hire specialists who will also manage your asset for you if you choose.

Fleet management services are tailored to each customer and can include road fund licensing, scheduled servicing, maintenance, replacement tyres or even arranging membership of one of the motoring organisations.

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Capital allowance benefits reflected in rental payments
Contract Hire helps budgeting and cash flow and can make off-balance-sheet funding possible.
The hire of the vehicle is for an agreed term and at the end of the period the finance company or the Contract Hire company disposes of it.
You never actually own the vehicle as ownership remains with the finance company throughout the agreement.
No heavy initial outlay or unforeseen operating cost.
Possible VAT recovery on monthly payments.
Tax allowance on lease payments.

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Northern Bank Limited, Donegall Square West, Belfast BT1 6JS. Registered in Northern Ireland R568. Phone +44 (0) 28 9004 5000. Calls may be recorded. Northern Bank Limited is authorised and regulated by the Financial Services Authority. Credit facilities other than regulated mortgages are not regulated by the Financial Services Authority. Northern Bank Limited is entered in the Financial Services Authority's register, registration number 122261. VAT number GB853 7590 92. Northern Bank Limited subscribes to the Lending Code.

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