Trucks Finance Contract Hire Explained

Contract Hire

Contract Hire is an ideal product for companies who don't want the financial risk of running their own van fleet, and who want to reduce the administrative load of buying, servicing and disposing of their company vehicles.

Main Characteristics of Contract Hire:

You make an initial payment, followed by a fixed number of rental payments over the remaining period of the contract. At the end of the agreement you simply hand the vehicle back and there is nothing else to pay (subject to mileage and condition).

Main Benefits of Contract Hire

  • Fixed monthly rentals for ease of budgeting
  • Reduced motoring costs - our purchasing power means volume savings are passed to our customers
  • Full maintenance package (optional)
  • Accelerated taxation relief and VAT benefits
  • Low initial payment, not tying up working capital
  • No depreciation risk
  • Hassle-free disposal of the vehicle