FINANCE OPTIONS

^Contract Hire - Get a Quote Today

Q: What is the typical borrowing range for Contract Hire?

Contract Hire borrowing amounts usually range from £5,000 to £500,000. The exact limit depends on vehicle type, credit rating, fleet size, and chosen service package, allowing flexibility for different business needs.

Q: How long does Contract Hire approval take?

Initial decisions are often made within 3 to 7 business days. If approved, vehicles can be available for your business within 1 to 2 weeks, depending on company credit checks and vehicle readiness.

Q: What are the interest rates and fees for Contract Hire?

Typical APR rates for Contract Hire range from 3% to 6%. Fees such as administration charges and excess mileage costs may also apply, based on your agreement and vehicle selection.

Q: What regulations must be followed with Contract Hire agreements?

All Contract Hire agreements must comply with the UK Consumer Credit Act. Businesses must adhere to mileage restrictions and return vehicles in the agreed condition to avoid extra charges at contract end.

Contract Hire is a vehicle leasing solution designed for UK businesses that want access to the latest vehicles without the burden of ownership. This finance product enables companies to rent vehicles for fixed terms, enjoying predictable costs, reduced administrative tasks, and avoidance of depreciation risks. By partnering with a range of lenders, Contract Hire gives SMEs the flexibility to maintain an up-to-date fleet while preserving working capital. This makes it an attractive choice for organisations looking for cost certainty and hassle-free vehicle management.

Contract Hire

Secure up to £1,000,000 in Contract Hire with Funding Agent.

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Loan disbursed within 24 hours
No additional charges for early repayment

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Key ^Benefits of Contract Hire

Contract Hire offers strategic advantages for businesses aiming to maintain a reliable fleet without making large capital investments. Fixed payments, managed risks, and comprehensive packages allow SMEs to focus on their core operations while using vehicles suited to their needs. This finance option promotes control and stability across your business operations.

Flexible leasing terms

No maintenance costs

Improved cash flow

SCALE YOUR BUSINESS TO NEW HEIGHTS

Types of Contract Hire Options

Business Contract Hire

Business Contract Hire is ideal for established SMEs, making it simple to provide company vehicles with minimal upfront costs and manageable monthly payments.

Business Contract Hire

This option suits companies seeking a straightforward way to expand or refresh their vehicle fleet. Typical contracts run 24 to 60 months, and approval often takes only a few business days. Payments are set based on vehicle choice and contract terms, usually without a significant initial outlay. Used extensively in transport and sales-driven sectors, it helps businesses stay agile and competitive.

Personal Contract Hire for Business Use

For sole traders or business owners, Personal Contract Hire offers the benefits of professional vehicles on affordable terms, evaluated using personal credit.

Personal Contract Hire for Business Use

This option is suitable for individuals such as consultants or small business owners who need reliable transport for work. With terms from 12 to 48 months and a personal credit check, monthly payments are typically lower. It allows small-scale operations to maintain a professional appearance without hefty costs, supporting flexibility and affordability in day-to-day business mobility.

Fleet Management Contract Hire

Designed for larger businesses, Fleet Management Contract Hire enables efficient handling of multiple vehicles through tailored packages and comprehensive support.

Fleet Management Contract Hire

Medium to large companies managing extensive fleets benefit from contracts spanning 24 to 72 months. Agreements are negotiated based on fleet size and company needs, and decisions may take several weeks for complex requirements. This approach reduces internal resource use, streamlines operations, and is vital in sectors demanding large fleets, such as infrastructure and courier services.

Typical Funding Journeys on Funding Agent

Submit your funding request

Our platform enriches your application using business data

Your request is matched to suitable lenders

Receive offers and proceed with the best option

How to Apply for Contract Hire with Funding Agent

Explore Options

Browse and compare contract hire packages from multiple providers using our online application form to identify vehicles and deals that match your requirements.

Select Preferences

Choose the vehicles and contract terms that best fit your operational needs, including mileage and contract length.

Submit Application

Finalise your application with help from our team to receive and compare offers from suitable lenders, expediting the process.

Get Funding For your business

Generate offers

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 the typical borrowing range for Contract Hire?

How long does Contract Hire approval take?

What are the interest rates and fees for Contract Hire?

What regulations must be followed with Contract Hire agreements?

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June 24, 2025

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^Contract Hire - Get a Quote Today

Key ^Benefits of Contract Hire

SCALE YOUR BUSINESS TO NEW HEIGHTS

Types of Contract Hire Options

Business Contract Hire

Business Contract Hire

Personal Contract Hire for Business Use

Personal Contract Hire for Business Use

Fleet Management Contract Hire

Fleet Management Contract Hire

Typical Funding Journeys on Funding Agent