Contract Hire is a long-term hire contract, that allows for a fixed cost over an agreed period. Fluctuations in interest rates or vehicle values do not affect you.

Administration is minimal and the company benefits from ‘off balance sheet’ funding.

The contract duration can vary from 12 to 60 months with a mileage allowance of up to 100,000 miles per annum.

In some cases, where appropriate, we offer vehicles on a monthly rolling contract. Please get in touch to learn more about this.

Leasing Plus Ltd is the owner of the vehicle.

You are responsible for the insurance of the vehicle and its must be always covered by a fully comprehensive insurance policy.

No. This is a huge benefit of contract hire. We predict the residual value at the time of quoting the vehicle. If at the end of the agreement the vehicle is worth less than we expected, we are responsible for this loss.

This depends on the contract chosen.  We offer both full maintained and non-maintained contracts.

There is not an option to purchase the vehicle at the end of the contract.  However, we are usually able to extend the contract with ease.

Providing you have fully comprehensive insurance coverage; you will only be liable for any difference between the market value and the settlement figure.  This is normally minimal if applicable at all.  However, there are options to mitigate this risk, such as a GAP insurance policy.

Most of the time extensions are available.  We offer informal monthly extensions as well as fixed extensions over 6-12 months.

As a BVRLA leasing company, we operate by their set standards.  However, we apply a goodwill gesture of up to £500 off any damage bill for recurring clients.