You choose a car or van, how long you’d like to keep it, and how many miles you’re expecting to do in it each year.
Decide if you’d like any optional extras, such as heated seats or sat nav, and how much you’d like to pay upfront. A typical up-front payment is equivalent to six months’ rental, but this can be reduced, or increased as required. All of this information is used to calculate the monthly cost to you of leasing the vehicle. That’s the cost that you’ll then pay each month over the duration of the contract. Once the contract’s over, as long as the vehicle’s in good condition and within the mileage limit, you simply hand it back.
We have a great selection of car lease offers to help you choose.
How long can I lease a vehicle for?
Contract hire gives you the option to lease a vehicle for a fixed period of time, which is usually two, three or four years.
If you are looking for a shorter lease period, there are two other products available. Short-Term Rental allows current customers to hire a vehicle between one and 28 days. Mid-Term Rental can help business customers who need a vehicle for a little bit longer, between one and 24 months. Mid Term Rental gives you the flexibility to change your contract period at any point, should your needs or circumstances change.
What is the cost of contract hire?
This depends on a number of factors, including the make and model of the vehicle you choose, the contract length and the mileage you opt for. The lower the mileage over the term of the agreement, the lower the monthly payment. You’ll need to make an upfront payment followed by fixed monthly payments over the length of the contract. The higher the upfront payment, the lower the monthly rental.