FINANCE OPTIONS
Contract Hire - Get a Quote Today
Contract Hire is a way to rent a vehicle for a fixed period, usually including maintenance and other services, so you pay a regular fee without owning the car. If you're considering a hassle-free way to drive, contract hire could be a great option to explore!
- Fastest and easiest application process
- Dedicated support
- Loan disbursed within 24 hours
- No additional charges for early repayment
What are the benefits of Contract Hire?
Contract Hire is a vehicle leasing option that allows businesses to rent vehicles for a fixed period, providing financial flexibility and eliminating the need for large upfront costs associated with purchasing. This arrangement often includes maintenance and repairs within the contract, allowing companies to manage their cash flow more effectively and focus on their core operations without the hassle of vehicle ownership.
Flexible leasing terms
No maintenance costs
Improved cash flow
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What are the different types of Contract Hire?
Business Contract Hire
A leasing agreement for businesses to hire vehicles for a fixed period and mileage.
Personal Contract Hire
A leasing agreement for individuals to drive a car over a set term without ownership.
Flexible Contract Hire
A hire agreement with adaptable terms, allowing early return or modification of contract.
What is Contract Hire?
No Ownership - Usage Only
Contract Hire allows you to use a vehicle for an agreed period and mileage without ever owning it. You return the vehicle at the end of the contract term.
Fixed Monthly Payments
You pay a set monthly fee for the duration of the contract, making it easy to budget and manage costs. Maintenance and service may be included, depending on the agreement.
Risk and Responsibility
The leasing company owns the vehicle and handles its resale. The main responsibility for the user is keeping to the mileage and condition terms, with penalties for excess wear or going over mileage.
Real Scenarios
Construction Company Needing Fast Working Capital
Situation
A construction firm had a short-term cash gap before a large invoice was paid and needed £85,000 to cover materials and payroll.
Challenge
Traditional bank applications were too slow; they needed a decision and funds within days.
Outcome
Funding Agent matched them with a lender; they received a working capital facility and bridged the gap until the invoice was paid.
Ecommerce Business Preparing for Peak Season
Situation
An online retailer needed around £120,000 to stock up ahead of Black Friday and the Christmas rush.
Challenge
They wanted flexible terms and a quick turnaround so stock could be ordered in time.
Outcome
Through Funding Agent they secured a facility, placed orders in time and managed peak demand without cash flow stress.
Marketing Agency Using Invoice Finance
Situation
A marketing agency had strong clients and reliable invoices but often waited 60–90 days for payment.
Challenge
They needed to unlock cash tied up in unpaid invoices to pay staff and take on new projects.
Outcome
Funding Agent connected them with an invoice finance provider; they now access funds against approved invoices and smooth out cash flow.
Property Developer Using Bridging Finance
Situation
A developer needed short-term finance to complete a purchase before selling an existing property.
Challenge
They required a fast decision and flexible terms to align with the sale timeline.
Outcome
Funding Agent matched them with a bridging lender; they completed the purchase and repaid the facility when the sale completed.
FAQ’S
What is Contract Hire in vehicle leasing?
Who is responsible for maintenance and insurance under Contract Hire?
Is Contract Hire suitable for businesses?
What costs and charges should I expect with Contract Hire?
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