Valuable information, tools and advice for you to view and download.
About Contract Hire & leasing
Contract hire is a popular type of vehicle leasing that’s a simple way for you to get behind the wheel of a brand new vehicle. You’ll spread the cost and always know what your monthly payment will be. Plus you avoid the significant upfront investment that comes with buying a vehicle outright. Contract hire is flexible – you’ll be able to choose from a vast range of cars and vans, with a contract length and mileage to suit your needs. Additional products like maintenance packages and insurance can also be built into your monthly payment.Here’s a rundown of some of the most commonly asked questions about contract hire and how you could get your hands on your next brand new vehicle.
How does it work?
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.
The benefits of leasing
Watch our short video below, to find out the benefits to you, if you lease a vehicle.
When you lease a vehicle, you can spread the cost of a new car over a number of years.
When you take a lease vehicle with our maintenance package, you don't have to worry about finding the money for repair, service, and tyre costs. You are covered for the duration of your contract.
At the end of your contract, you don't have to worry about selling your car, just return it to us. Whilst we handle selling the car, you can think about choosing your next lease vehicle.
You realise your annual mileage may not be enough. After the first year you can re-negotiate your contract to increase your mileage, so you don't have to worry about excess mileage charges at the end of the contract.
Costs of leasing
In terms of what you pay monthly, there are a number of factors that determine this cost. The make and model is the main factor here. The more expensive the vehicle, the more you can expect to pay. Contract length and the mileage you opt for will also determine what you pay. The lower the mileage over the term of the agreement the lower the monthly payment. You'll also need to make an upfront payment, so the higher this amount is, the lower your monthly payment can be.
Leasing your next vehicle can take the hassle and worry away from motoring. Take a look at our Car Calculator Tool, that help you find the right car for your needs and may even save you money.
Why not have a look at our latest recommended offers. Here you will find an extensive list of vehicles that come highly recommended by Arval. However, if you can't find what you are looking for here, you can also use our Car & Van Configurator to create a personalised quote on any vehicle available on the UK market.