Contract Hire and Leasing
For a huge range of Contract Hire offers please scroll down this page.

UK Car Finance is proud to offer you its Contract Hire and Leasing facility.

Working directly with major names like LEX, ING, ALD and all car manufacturers we have Contract Hire and Leasing offers to cover all makes and models of cars available in the UK.

In short Contract Hire is based on a rental scheme usually based on 2 or 3 years. At the end of the term the car is returned to the lender / lease company.

This months best Contract Hire and Leasing deals.

Contract Hire and Leasing - Definition
Contract Hire is typically referred to as a ‘lease’.  It is in fact classed as an ‘operating lease’ for taxation purposes which means that it is totally ‘off’ the balance sheet. In addition, the monthly rentals may be wholly or partly allowable against taxable profits.

Contract Hire is a flexible financing method whereby the fixed monthly rentals cold include items such as:

  road fund licence 
  servicing 
  repairs 
  tyres 

This is a total finance package designed to meet a customer’s specific requirements, assisting in total budgetary control when running a vehicle fleet.

The vehicle is ‘hired’ to the customer for a fixed period with a fixed rental – usually monthly – at an agreed annual mileage.  
As with Finance Lease, there is an initial deposit comprising rentals in advance. Monthly rentals are calculated on the difference between the original purchase price and the projected sales proceeds at the end of the agreement when the vehicle is returned to the finance company and sold.

Contract Hire allows the customer to acquire a higher specification vehicle than might otherwise have been considered. Contract Hire also enables a fleet to be replaced on a regular cycle, improving a customer’s brand image.

At the end of the contract the vehicle is simply returned to the finance company or dealer or collected from the customers premises, thus eliminating any disposal worries or costs for the customer.

The vehicle must be kept in reasonable condition, subject to the fair wear and tear requirements. care must also be taken to keep the vehicle mileage within that contracted for, otherwise excess milegae cahrges may be applicable. If the actual mileage covered during the term of the contract is varying dramatically to that contracted for however, then a provision may be in place to adjust the contracted mileage, which may increase or decrease the monthly rental and eliminate any potential excess milegae charges.