Contract Hire, also known as leasing is often described as a long term rental. Divided into two main derivatives either Personal Contract Hire (PCH) and Business Contract Hire (BCH). Both are a form of finance requiring credit application and approval by all of our finance partners. Contract hire is the agreed or contracted use of a vehicle for a determined period typically 2 - 4 years for an agreed annual mileage.
Contract hire is essentially a business lease – a long-term vehicle rental agreement between a business and finance company – suitable for any trading business, including sole trader, LLP, Ltd and PLC.
Contract hire is a simple and easy way to have a company car or run a business fleet without the worry of depreciation or replacement in the future. The vehicle(s) is owned by the lease company for the duration of your contract and you’re responsible for a monthly payment which essentially covers the depreciation of the vehicle over the term of your contract.
PCH for individuals also referred to across our website as a personal lease is a long term rental for individuals not considered sole traders. Personal contract hire has seen a boom in recent years with more and more households considering deals with All Car Leasing for their next car. Prices for PCH offers on our website are inclusive of VAT, mimicking business contract hires in every other aspect.
Our finance plans are tailored to ensure you get the right contract for you. If you see a deal on our site but you need more miles or you don’t want to commit yourself for as long as the deal specifies, all of this can be altered to suit your needs.
The lengths of our contracts vary, giving you the ultimate freedom. You have the choice of 24, 36 or 48 months and you also get to choose your initial payment* and your annual mileage limits.*Initial payments are usually 3, 6 or 12 monthly instalments.
Now you know the essentials, you’ve seen a deal you like and decided on the perfect contract terms, you’ll see that our process is simpler than ever:
There are a huge number of benefits to leasing a car in general, but for a business, there are undoubtedly more.
If you think contract hire could make sense for your business, check out our special business offers or give us a call today on 01565 880 880.