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Finance: Contract hire

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Featured Contract Hire deals below

Images Make/Model Monthly Term Deposit
ALFA ROMEO GIULIETTA 1.4 TB Lusso 5d £239 48 months £1,434
AUDI A6 2.0 TDI SE 5d £362 48 months £2,172
AUDI A6 2.0 TDI SE 4d £341 48 months £2,046
MERCEDES-BENZ C CLASS C180 BlueEFFICIENCY SE 4d £314 48 months £1,884
NISSAN JUKE 1.6 Visia 5d £152 48 months £912
NISSAN PATHFINDER 2.5 dCi Acenta 5d £351 48 months £2,106
PEUGEOT 3008 2.0 HDi 163 Allure 5d Auto £297 48 months £1,782
RENAULT MEGANE 1.5 dCi 110 ECO I-Music 3d £180 48 months £1,080
TOYOTA PRIUS 1.8 VVTi T3 5d CVT Auto £261 48 months £1,566

Click the "Enquire" button to request a detailed quote, or make an application for Personal or Business Contract Hire through our relevant competitive finance partner.

Contract Hire* advantages:

  • Lower risk for your business - The vehicle is returned at the end of the contract, avoiding any depreciation or disposal risks.
  • Improved cash flow control - Rentals are fixed for the duration of your agreement, so you are protected from fluctuations in interest rates.
  • Better balance sheet - You don't own the vehicle, therefore your balance sheet ratios may be improved and the VAT is reflected in lower rental costs. Your business will benefit from writing down allowances through lower rentals.
  • Reclaim VAT - If it is for private use, the VAT recovery on the finance element is restricted to 50% (although a proportion may be charged to Profit and Loss). VAT recovery on the service element remains 100% regardless of private use.
  • Protect your capital budgets - Contract Hire rentals are treated as a revenue item, leaving your capital budgets unaffected.
  • Rentals chargeable against taxable profits - Rentals are chargeable against your taxable profits so it may be possible to reduce your tax liability, although restrictions do apply on vehicles costing more than £12,000.
  • Replacement vehicles - In the event of accident or breakdown, replacement vehicles are possible.

Personal Contract Hire*

Personal Contract Hire, as name suggests, is essentially the same as Contract Hire but for private individuals. If you want fixed cost motoring, or have opted out of a company car scheme, then Personal Contract Hire could provide you with hassle free motoring without the residual value risks associated with traditional ownership.

VAT is not reclaimable by private individuals. Maintenance packages are usually available at an additional cost so you can have totally fixed costs for your motoring.