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Personal Contract Hire and Leasing Guide

Contract Hire has become the most popular method of acquiring vehicles private individuals. Contract Hire provides an all-inclusive package that encompasses all the costs associated with running a vehicle covered under a fixed monthly rental. Contract Hire is available on any vehicle make or model and not only provides maximum protection from risk for companies who use it, but is also highly flexible to suit exact requirements.

What are the benefits of Personal Contract Hire?

  • Access to prestige vehicles. With a personal contract hire deal, cars that would normally be seen as too expensive, all of a sudden become afforable, due to Prestige cars depreciating at a slower rate.
  • Monthly rentals are fixed, making budgeting easier.
  • You have no responsibility for the disposal of the vehicle.
  • You can have the option of a maintenance program for your vehicle, avoiding any unexpected large bills.
  • Vehicle Road Tax is included for the duration of the agreement.
  • You are not exposed to the depreciation risk against tax on your vehicle.
  • Contract hire is an off-balance sheet facility.
  • Your initial capital outlay is reduced allowing your funds to be retained in the business.
  • How Personal Car Leasing Works

  • From the start of a contract the customer pays a fixed initial rental which can be based on either 3, 6 or 9 monthly payments.
  • The vehicle will be delivered free of charge to any UK mainland destination the customer requires. Delivery mileage may apply!
  • Then from month 2 the customer/company make a monthly payment for the duration of the contract term i.e.: Either 2, 3 or 4 years.
  • At the end of the contract the vehicle will be collected from any UK mainland destination free of charge unless you have decided to purchase the vehicle from the funder, however most customers prefer to lease another new vehicle.