Fleets using contract hire to supply and manage company vehicles have reported time and cost savings.

TCH Leasing’s customers reported time and cost savings from using contract hire.

The research from TCH Leasing of 3,000 of its customers found that over three-quarters (81%) reported is less administration involved in managing the fleet through leasing vehicles.

Meanwhile 74% said contract hire is hassle free and 46% affirmed that using contract hire enables them to have vehicles that they would otherwise not be able to afford.

Mark Hammond, managing director of TCH Leasing, commented: “Our research reveals that despite changes in taxation, UK employers are continuing to embrace the contract hire option as a method of providing and managing company vehicles.

“Whether it is reducing the administrative burden, reducing costs or just being able to provide a great choice of vehicles for employees, contract hire continues to deliver significant benefits for UK businesses.”