This will suit the hirer who wants to budget with total accuracy and confidence. Contract Hire extends an Operating Lease to include full maintenance and other services within an inclusive rental.

For example,

Contract Hire can include full servicing to manufacturers schedules.

Maintenance including replacement of seasonal wearing parts.

Insurance and the provision of replacement machines in the event of breakdowns that cannot be rectified within a specified time frame.

Again, the tax treatment is the same as an Operating Lease although the risks (excluding accidental damage and any items specified in advance) lie fully with the lessor.


  • Identical to the operating lease with the added advantage of extremely accurate full cost budgeting.

To find out more about Leasing and Hire Purchase options for your business please contact us.