PERSONAL CONTRACT HIRE
The fastest growing way for individuals to acquire new vehicle. This funding method is basically contract hire for individuals, often termed as ‘leasing a car’. Whilst not owning the vehicle you benefit from the owners fleet buying power This can sometimes be a cheaper option to PCP.
KEY FEATURES
- Usually 3 months 1st rental
- No depreciation risks
- Fixed monthly payments
- Accurate cashflow
- Optional maintenance at a fixed cost
- No disposal issues
- High value vehicles more affordable
- Simple hand back
- RFL included in monthly payment
- Customer only pays for use of vehicle
THINGS TO REMEMBER
- Early terminate can be expensive
- Excess mileage is chargeable
- Car must be returned in well maintained condition
- Damage is chargeable (Fair wear and tear)
- For more information on returning your leased vehicle and what applies as fair wear and tear go to the BVRLA website by clicking here