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New Van Contract Hire

Our Contract Hire package is all about convenience. If you want to avoid servicing, maintenance and depreciation costs then consider hiring a vehicle rather than owning it.

You make fixed monthly rentals for the duration of the rental contract and return the vehicle in a good state of repair at the end of the agreement.

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Contract Hire Quotes

Contract hire quotes are often quoted as 3+35 or 6+47. This describes how your quote is constructed between the up-front payment and the monthly payments.
For example – “£200 per month, 3+35” means one up-front payment equivalent to 3 monthly payments (£600) followed by 35 fixed payments of £200 each. A total contract of 3 years.
Don’t forget to factor in VAT on top if you are not VAT registered.

Initial Rental (deposit / up-front payment): This first rental is flexible and you can choose to pay as little as 3 times the monthly rental and up to 12 times the monthly rental.
Monthly rentals: This is a fixed amount based on your chosen annual mileage, length of contract (2 to 5 years) and initial rental payment.

Other Details
Mileage and use restrictions apply. Finance subject to company status and credit checks.

Features

  • Fixed monthly payments between 2 to 5 years
  • Bespoke finance packages
  • RFL (Road Fund Licence) included for full term
  • Choose to include servicing and maintenance

Benefits

  • No financial risk on residual value
  • Return vehicle at the end of the agreement
  • The vehicle appears off balance sheet as it is owned by the leasing company
  • VAT on your finance payment can be recovered

Application

To assist your application, van finance companies will look for a number of the following criteria:

  • 3 year address history
  • One credit item in past 3 years
  • UK resident
  • Full UK driving licence
  • Proof of income
  • No current CCJ's or Mortgage arrears

For Business use:

  • Proof of positive trading
  • Director can sign as guarantor

DISCLAIMER
All payments advertised are subject to VAT. Deposit can mean initial payment or initial rental depending on the contract type. Customers are subject to credit searching by the finance company on application.

Representative Finance Example

Initial rental of £3,841 +VAT followed by 48 monthly rentals of £320 +VAT. Based on 8,000* miles per annum.
Business users only. *Excess mileage charge of 7p per mile. If you exceed this annual mileage then excess mileage charges will be applied by the finance provider at the end of the agreement should you choose to return the vehicle.