Contract Hire

Is contract hire the right decision for you?

Contract Hire

Contract hire is the perfect solution for our customers who want hassle free, fixed monthly cost motoring. This form of finance is an easy and cost effective way to fund your vehicles and gives you the ability to look at more expensive vehicles that would normally be out of budget if paying upfront.
Contract Hire takes away the worry of depreciation and even maintenance, depending on your needs a fixed monthly maintenance package covering tyres, servicing and repairs can be worked into your monthly payments.
Your contract period and mileage allowance will be agreed prior to signing your agreement plus you never own the vehicle, meaning at the end of the contract, as long as the vehicle has been maintained and is still within the agreed mileage limit, you can hand the vehicle back worry free.
How it works
Deposit: Minimum of 3 monthly rentals, after which your monthly rental will decrease.
Monthly rentals: Choose your rental period from 2 to 5 years.
Mileage and use restrictions apply, finance subject to company status.

Benefits

  • Contract period up to 60 months
  • Maintenance and servicing packages can be added to your contract
  • Bespoke finance packages
  • Fixed payment prices
  • Low deposit from 3 monthly payments
  • Monthly payments are subject to vat – vat up to 100% recoverable
  • Vehicle will not appear on your balance sheet as owned by the lease company
  • Less admin for you – we deal with buying, maintenance and selling issue
  • Simply hand back the vehicle at the end of your contract
Information required to assist with the finance application:
  • 3 years address history
  • UK resident
  • Full UK driving licence
  • No current CCJ or mortgage arrears
  • One credit item in the last 3 years
  • Proof of income
For business use:
  • Director can sign guarantor
  • Proof of trading
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