The best 5 business car hire or leasing providers for small businesses

By Henry Williams on Small Business UK – Advice and Ideas for UK Small Businesses and SMEs

Buying a car can tie up a significant amount of your capital. Hiring or leasing lets you access a vehicle through regular payments instead, reducing the amount you need to spend upfront and making cash flow easier to manage.

And there are other benefits. When you hire, you avoid vehicle depreciation, and you can write off rental fees against your profits. If you’re VAT-registered, you can sometimes reclaim a large part of that tax.

This article compares five leading business car hire and leasing providers, helping you decide between flexible rental or a longer-term leasing agreement.

According to our research, Enterprise-Rent-A-Car is the best overall business car hire solution. It offers maximum flexibility over terms and contract length, and with over 450 branches, you’re never too far away from a location. Discover our four other top providers to decide which is best for your needs and budget.

What is the difference between business car hire and business car leasing?

Business car hire is a short-term arrangement where you pay a fixed daily or weekly sum for the use of a vehicle with no long-term commitment. When you’re done, you simply return the vehicle. It’s ideal for short-term transport needs.

When you lease a car, often known as Business Contract Hire (BCH), you commit to (usually) a two- to four-year term, paying monthly for the use of the car. You’re also usually required to pay a minimum deposit (often called an initial payment), typically equivalent to 1-12 months of the monthly lease cost. At the end of the lease agreement, you can either return the car (with no depreciation as there would be if you owned the car outright) or you can upgrade to a new model.

Compare top hire and leasing providers

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