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Contract Hire

We offer extremely competitive rentals and can manage any size fleet from 1 to 100+ vehicles.

What is it?

Contract hire offers a fixed cost, fixed period, cash flow efficient method of funding a vehicle. It is designed to offer you low monthly payments without the need for large deposits or long payment periods.

So how does it compare to standard finance options?

  1. It reduces monthly payments.
  2. Off balance sheet accounting.
  3. You can plan your budget ahead due to lower fixed costs.
  4. Known depreciation costs.

Is this only available on new vehicles?

No, Contract Hire is designed for new and low mileage qualifying used vehicles. Subject only to mileage and condition/clause.

What extras can I have?

All normal manufacturers accessories are available for your car. We can provide you with a quotation identifying the additional monthly cost.

What happens if I exceed the mileage?

Agreed preset excess mileage charges will apply based upon a pence per mile formula.

What happens at the end of the contract?

You return the vehicle and provided it has not exceeded the agreed mileage and is in good condition, you pay no more and your obligation is ended.

What happens if the vehicle is damaged?

It should be repaired under your insurance policy, as the guaranteed residual value is dependent on the vehicle being returned in good condition. In addition, you should be aware that all vehicles must be maintained according to the manufacturers recommended service schedules.

What other costs are involved?

  1. An acceptance fee, which is added to the first monthly payment.
  2. All payments are subject to VAT at the current rate.