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CONTRACT HIRE

vehicle finance

Contract Hire

Contract Hire is great for those looking for convenience. Our Contract Hire packages also offer maintenance options enabling you to keep costs down.

Simply pay fixed monthly rentals for your agreed term and then return the van in a good state of repair at the end of the agreement.

Contract Hire packages are structured as follows:

Initial Rental (Deposit/Up-front payment) – The first rental is flexible; you can choose to pay as little as 3 times 0r as much as 12 times the monthly rental.

Monthly Rentals – A fixed rental payment calculated using your specified annual mileage, the length of your contract and your initial rental payment.

Other Details – Mileage and use restrictions apply. Finance approval is subject to company status and a credit check.

Features:

  • Choose to repay over 2 to 5 years
  • RFL (Road Fund Licence) included for full term
  • Fixed monthly costs
  • Serviced and maintained options available
  • No financial risk on residual value
  • Return vehicle at end of term
  • The vehicle appears off your balance sheet as it is owned by the leasing company
  • VAT on your finance rental payment can be recovered

Requirements:

  • Current UK resident
  • 3 years UK address history
  • One completed credit item in past 3 years
  • Proof of income
  • No current CCJ’s or mortgage arrears
  • Full UK driving licence
For Business:
  • Proof of positive trading
  • Director can sign as guarantor

DISCLAIMER:

All advertised prices are subject to VAT. Deposit can mean initial payment or initial rental depending on the contract type.
A credit search is required on application.