Contract HireThe leasing of cars and vans, over a set period (generally 2-5 years) and mileage. The montlhy rental and van lease is determined by the cost of the vehicle, length of contract, mileage and predicted residual value. Maintenance packages can also be included. At the end of the contract the vehicle is collected by the contract hire company.
As with any Contract Hire agreement comes a “Fair Wear & Tear” examination at the end of the contract. Please click on the links below to view the guidlines, which have been set by the BVRLA.
BVRLA Fair Wear & Tear Guide – Cars
BVRLA Fair Wear & Tear Guide – Vans
Finance LeaseThis is a VAT free method of financing a van (and car), and is generally used for business. The monthly rental is determined by the vehicle cost, the initial deposit, interest rate and final payment (balloon) which is optional but does keep the monthly rentals down. This method is 100% tax deductible and we can tailor the quotes on the amount of deposit that you want to put down (from £0 down), contract length and balloon.
Lease PurchaseA way of funding your Vehicle, generally for businesses or companies. The price per month is determined by the cost, length of contract and the estimated future value of the vehicle. The estimated future value is paid at the end of the contract and the vehicle then becomes the property of the customer.