Contract Hire gives you the flexibility and stability while eliminating the risks. With this option you lease your vehicle for a fixed period and for a fixed monthly rental.
How Contract Hire works:
At the start of your agreement you pay an advance rental upfront. Your monthly rentals are based on the difference between the initial value of the vehicle and its projected residual value at the end of your agreement. Therefore, only a proportion of the vehicle’s value is repaid, which avoids a large initial expense and keeps monthly payments lower.
With a Contract Hire agreement, you can choose from the ‘Full Maintenance with Tyres’ option or with ‘No Maintenance’ options. This means the costs are fixed over the term of the agreement allowing you to budget easier and reducing any unexpected costs.
Contract Hire features include:
At the end of your agreement
Simply return your vehicle with nothing more to pay, subject to it being in line with the Vehicle Return Standards, as vehicle condition, excess mileage and other charges may be payable.