Contract Hire

Contract Hire, commonly known as leasing, is a flexible and cost-effective way to drive a new vehicle without the commitment of ownership.

You agree to a fixed-term contract (typically 2–5 years) with a chosen mileage allowance, and pay a set monthly rental. At the end of the term, you simply return the vehicle to the finance company — no need to worry about depreciation or resale value.

Key Features:

• Fixed monthly payments
• Terms from 24 to 60 months
• Return the vehicle at the end - no resale hassle
• You do not own the vehicle
• Finance provider carries the risk of depreciation

Hassle-Free Motoring
Road tax is included for the full term, the car is delivered to your door, and it’s covered under the manufacturer’s warranty. Optional maintenance packages make it even more stress-free.

Flexible Payment Options
You can tailor your initial and monthly payments to suit your budget or cash flow needs - spread evenly or reduce monthly costs with a higher upfront payment.

Capital-Friendly for Businesses
No large upfront investment is required, helping free up capital for other business priorities - ideal for companies currently owning their fleets.

Eco-Friendly Access
Drive the latest models equipped with the newest low-emission technology, supporting your business's sustainability goals.

Modern Safety & Comfort
Enjoy the latest tech and safety features, helping to keep your drivers safe, compliant, and comfortable - especially important for duty of care.

Lower Maintenance Costs
New vehicles are less likely to experience unexpected maintenance issues, keeping downtime and costs to a minimum.

Excess Mileage Charges
Be realistic with your annual mileage. If you exceed your agreed limit, you'll be charged for the extra miles.

No Option to Buy
Contract hire is a usage-based agreement — ownership stays with the finance company. There's usually no option to purchase the vehicle at the end.

Wear & Tear Guidelines
Vehicles must be returned in line with BVRLA fair wear and tear standards. You’ll also need to ensure regular servicing and maintenance is carried out.

Fixed Contract Length
You're committed to the full term. Early termination is possible, but will typically cost at least 50% of the remaining rentals. Make sure you plan ahead for the contract end.