This is where you fix a term in years and mileage. Your monthly payments are based on the difference between the cost of the vehicle after discount and the residual value, i.e. what the vehicle is worth at the end of the agreed term. You are essentially funding the vehicle's depreciation.
In this case you are not opting for ownership of the vehicle; it is returned at the end of the lease.
Why Contract Hire
- No Deposits
- No Capital tied up in Vehicles.
- Option to purchase current vehicle and vehicle at lease end.
- Far better tax advantages.
- Fixed costs for 3 years.
- Complete fleet management package if required.
Contract Hire Document Download