A Guide to Motor Finance
Personal Contract Hire
Personal contract hire is also known as ‘leasing’. It’s a method of financing vehicles for private individuals that involves taking a fixed term contract with a chosen mileage limit and having a fixed monthly payment calculated accordingly.
Contract Hire
Contract hire is also known as ‘leasing’. It’s a method of financing vehicles that involves taking a fixed term contract with a chosen mileage limit and having a fixed monthly payment calculated accordingly.
Finance Lease
A finance lease is an alternative method of financing vehicle either where contract hire is not suitable, where companies want to minimise the risk of charges at the end of the contract.