Contract hire is a form of car leasing for businesses.  It is an ‘operational lease’ that allows a business to lease a company car by simply making a fixed monthly payment for a period that is typically between 2 and 4 years.   At the end of the lease contract, the business returns the old company car and obtains a new car and lease contract.

Free up cash flow – with contract hire there is no need to invest cash in a depreciating asset as the initial payment is relatively small – the equivalent of only 3 monthly payments. Lower payments – the business spends as much as 60% less each month than it would with a loan or hire CLICK TO READ MORE >>>

The business is limited to the annual mileage chosen upfront. Over and above this excess mileage fees will be incurred; Cancellation of the contract incurs penalty fees which should be determined before the contract is signed.