Fleet & Business FAQs

The answers to your Business & Fleet questions.

You can drive any vehicle in your business. If you want one that genuinely stands out, choose Jaguar. Innovative, dynamic and reliable. If these are watchwords for your company, you’ll no doubt want a fleet that’s just as accomplished.

When you choose Jaguar Business contract hire at Group 1, you can expect:

Fixed monthly payments
You can reclaim your VAT
No depreciation to worry about
Servicing and maintenance costs can be included; meaning your vehicle is well-maintained

To discover our latest Business offers, click on the button below.

EXPLORE BUSINESS OFFERS

Meet our trusted fleet team at Group 1 Jaguar, who are here to talk you through some of our most frequently asked questions.
Louis Tanner

Fleet Development Manager at Group 1
Antony Fragola

Business Development Manager at Group 1 Watford
Jade Day

Business Development Manager at Group 1 Southend
Harman Sanghera

Business Development Manager at Group 1 Sidcup
Nicholas Read

Business Development Manager at Group 1 North West London
Jaguar Business Contract Hire Explained:
Q: How could a Jaguar on contract hire work for my business?

If your company leases a vehicle on a contract hire basis, you will pay to rent the vehicle in monthly instalments that work for you. These durations can range but are often 36 or 48 month agreements, for example. After this time, once the contract is up, the vehicle is returned to the leasing provider - so you don't have the burden of 'what to do next' with the vehicle.

Contract hire means your company can concentrate on what is important - business, while avoiding the financial risk and administrative burden of owning your vehicle or fleet.
Q: What is BiK (benefit in kind) car tax?

Benefit-in-kind (or BIK) is a tax on employees who receive benefits or perks on top of their salary. If you have a company car for private use, you will have to pay a BIK contribution, or company car tax.

Every car has a BIK percentage banding. This is based on CO2 emissions, and a P11D value, which is the list price, including extras and VAT, but without the first year registration fee and vehicle tax.
Q: How do I calculate my company car (BiK) tax?

Every car has a BIK percentage band. This is based on CO2 emissions, and a P11D value, which is the list price, including extras and VAT, but without the first year registration fee and vehicle tax.

To calculate the company car - or BIK - tax, multiply the P11D value by the BIK percentage banding, then multiply that figure by your tax band - i.e. 20% or 40%.
Q: So, what happens at the end of my contract?

At the end of your contract, your vehicle will be returned to the leasing provider, without any financial obligation. This means you then have the choice to review your options, and look at a newer Jaguar model, or depending on your circumstance, you can walk away.
Q: Are there any extra charges I should be aware of?

The short answer, providing you stick to your contract agreement, is no.

However, we understand in some cases, circumstances change and our use of the car might have changed. If, for example, you exceed the agreed mileage stated in your initial contract agreement, an excess mileage charge will be payable. This is worked out on a 'pence per mile' basis which will be outlined in your agreement.

When returning your vehicle, it'll be assessed within wear and tear guidelines, to review if there's any issues with the vehicle. If any damage falls outside of these guidelines, you may be subject to and penalty charge at the end of your lease.
We hope most of your questions have been answered, and you can see how beneficial it could be to add one of our Jaguar's to your Business Fleet.

If you have anymore queries, please fill out the enquiry form below and one of our dedicated Business Development Managers will be in contact.

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