Our Contract Hire package is all about convenience. If you want to avoid servicing, maintenance and depreciation costs then consider hiring a vehicle rather than owning it.
You make fixed monthly rentals for the duration of the rental contract and return the vehicle in a good state of repair at the end of the agreement.
Contract Hire Quotes
Contract hire quotes are often quoted as 3+35 or 6+47. This describes how your quote is constructed between the up-front payment and the monthly payments.
For example – “£200 per month, 3+35” means one up-front payment equivalent to 3 monthly payments (£600) followed by 35 fixed payments of £200 each. A total contract of 3 years.
Don’t forget to factor in VAT on top if you are not VAT registered.
Initial Rental (deposit / up-front payment): This first rental is flexible and you can choose to pay as little as 3 times the monthly rental and up to 12 times the monthly rental.
Monthly rentals: This is a fixed amount based on your chosen annual mileage, length of contract (2 to 5 years) and initial rental payment.
Mileage and use restrictions apply. Finance subject to company status and credit checks.
Fixed monthly payments between 2 to 5 years
Bespoke finance packages
RFL (Road Fund Licence) included for full term
Choose to include servicing and maintenance
No financial risk on residual value
Return vehicle at end of agreement
The vehicle appears off balance sheet as it is owned by the leasing company
VAT on your finance payment can be recovered
To assist your application, finance companies will look for a number of the following criterias:
3 year address history
One credit item in past 3 years
Full UK driving licence
Proof of income
No current CCJ's or Mortgage arrears
For business use:
Proof of positive trading
Director can sign as guarantor
All payments advertised are subject to VAT. Deposit can mean initial payment or initial rental depending on the contract type. Customers are subject to credit searching by the finance company on application.