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What Is Business Contract Hire? A Simple Definition

September 24, 2019

Business contract hire is an agreement which allows a company to hire a vehicle at a fixed rate for an agreed period of time. (As the name suggests, it is strictly for business’ only.) The payment plan is an initial deposit followed either by 24, 36 or 48 monthly rentals in almost all cases. These [...]

Business Contract Hire: Vehicle Health Check Guide

September 24, 2019

Taking care of your car, so it can take care of you. To make the most of your maintenance package, we recommend regularly checking the health of your vehicle. Your car will run better, be safer and be cheaper to run. Read through this guide for tips on how to check your vehicle, below you [...]

What Is Hire Purchase? A Simple Definition

August 26, 2019

Hire purchase is an agreement which allows you to finance the purchase of a vehicle over an agreed period of time. It is purely a finance package and does not include maintenance or other added-value services. The lessee pays an initial deposit and then a series of monthly payments for the term of the contract. [...]

How Much Does It Cost To Charge An Electric Van?

April 28, 2019

You see the cost of diesel at the pump, in the news, on receipts; gauging how much it costs to run a diesel van isn’t too complicated. But . . . could you do the same for an electric van? How much power is needed to charge a fleet of 33 kwh batteries for 10 [...]

Business & Personal Contract Hire: Fair Wear And Tear Guide

February 28, 2019

When you take on a hire agreement, you will be contractually obliged to return the vehicle in an acceptable condition to AMI. If you’ve hired a vehicle for a long period of time, we understand there will be a certain degree of fair wear and tear when the vehicle returns. If you've not hired a [...]

Taking A Vehicle Abroad: What Are The Rules For A Leased/Hired Car?

January 21, 2019

It is very important to notify the owner of the vehicle if you are planning on taking the vehicle abroad. If a vehicle is taken out of the UK without permission, it could result in alarming circumstances. Failure to provide evidence that the owner has granted you permission, could result in a fine or the [...]

What To Expect From Your Contract Hire +Maintenance Package

December 17, 2018

Thank you for hiring your vehicle from AMI Vehicle Leasing! To improve your driving experience, we recommend to familiarise yourself with your Contract Hire +Maintenance Package. When you take your car for any form of maintenance, please remember to hand over the relevant service card found inside your AMI wallet. It is essential to request [...]

Ultra Low Emission Zone: How Much Will It Cost Your Business?

June 12, 2018

As of the 8th April 2019, most vehicles will need to meet new, tighter exhaust emission standards (ULEZ standards) or pay a daily charge, when travelling in central London. This is in addition to the Congestion Charge. For those commuting through or working in this area, it is essential to know how these changes are [...]

MOT Changes May 2018: What Do Fleet Managers Need To Know?

June 4, 2018

MOT Changes May 2018: What Do Fleet Managers Need To Know? Last month the UK introduced changes to the MOT test. As of the 20th May 2018, vehicles will now be tested under a new set of criteria. Most of the test is the same, however there are some important new items fleet managers should [...]

BIK Tax Rates 2018: What The Latest Changes Mean For Company Cars

April 25, 2018

What are benefits in kind (BIK)? ‘Benefits in kind’ are benefits which employees or directors receive from their employment that are not included in their salary or wages. It is necessary to pay tax on all of these benefits, including a company car. What are the changes to BIK tax rates? As of the 6th [...]

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