Contract hire is an excellent way to lease a vehicle for your personal or business use. A contract hire agreement is a long-term rental of a car or van, which allows you to use the vehicle for a set period and a fixed monthly fee. This method of finance is popular with businesses and individuals who want to drive a new car without the burden of owning it.
With contract hire, you can choose the type of vehicle you want, the length of the lease, and the mileage limit. Contract hire agreements usually last from 24 to 60 months and come with the option of a maintenance package. This allows you to include regular servicing and maintenance in your monthly payment, which can help you budget your motoring expenses.
For example, let`s say you run a small business and need a van for your deliveries. You could choose a contract hire agreement with a 48-month term and a 10,000-mile annual limit. The van you choose could be fully maintained, which means you wouldn`t have to worry about servicing, repairs, or breakdown cover.
By choosing a contract hire agreement, you have the flexibility to choose the van that suits your needs, with the added benefit of fixed costs. This allows you to plan your finances accordingly, knowing that your motoring costs won`t vary from month to month. Another benefit of contract hire is that you can return the vehicle at the end of the agreement. This means you won`t have to worry about selling the van or getting a good price for it.
In conclusion, contract hire is an excellent way to lease a vehicle for your personal or business use. By choosing a contract hire agreement, you can enjoy the benefits of a new vehicle without the burden of owning it. With the option of a maintenance package, you can include regular servicing and maintenance in your monthly payment, which can help you budget your motoring expenses. So whether you need a car or a van, contract hire is an excellent option to consider.