Contract hire, fixed monthly motoring
Hire a vehicle for an agreed term and simply hand it back, with mileage agreed up front.
About contract hire
Contract hire is a long term rental where you use a vehicle for an agreed period and mileage in return for a fixed monthly payment, then return it at the end with no balloon payment or option to buy. It is available for both cars and vans and can be used by individuals and businesses. Because the monthly cost is fixed and there is no end of term purchase decision, it can appeal to those who want simplicity and predictable outgoings. The mileage allowance, term, initial payment and any maintenance inclusion are all set by the lender and specific contract, so we confirm them during your enquiry.
Who might choose contract hire?
Contract hire suits people and businesses who want a fixed monthly cost, no end of term decision, and no interest in owning the vehicle. It is popular for company cars and commercial vans where predictable budgeting matters.
If you like the simplicity of handing the vehicle back with no balloon payment and no resale to worry about, contract hire is worth comparing with finance lease and PCP, which offer more end of term flexibility but more decisions too.
Discuss your situationPredictable costs, no end decision
With contract hire you agree the term, mileage and initial payment up front, and the monthly payment stays fixed for the agreement. There is no balloon payment at the end and no option to buy, so the end of term is simply a hand back subject to condition and mileage.
Some contracts can include maintenance for an additional cost, depending on the lender. This can make budgeting even simpler, and we explain whether it is available for your vehicle.
Questions worth thinking about
You do not need answers to all of these before getting in touch, but they can help shape the conversation.
Want to talk it through with Tony?
Call Tony Nolan on 07815 098217 or send an enquiry and he will come back to you.
Contract Hire questions
Talk to our team about contract hire
Tell us the vehicle type, your mileage and term preference, and whether it is personal or business. We will come back with how a contract hire could look.
Or email kat@ask4leasing.co.uk