How does contract hire work?

Contract hire (also known as leasing) is a form of finance that funds the use of the vehicle, but not the purchase of it. It is available for both businesses (Business Contract Hire, BCH) and individuals.

Contract hire allows you (known as the lessee in this instance) to choose the vehicle you want, use it for a set period of time and an anticipated mileage, and then give it back to the leasing company (known as the lessor) at the end of the period of hire.

You will be essentially renting the vehicle from the lessor for a fixed period of time and paying a fixed (normally monthly) rental for the use.

Identify your requirements

Once you or your business has identified a need for a new vehicle, you’ll quickly learn that there are many different factors to consider;

  • Expected annual mileage
  • Length of term
  • Monthly budget
  • Engine type; petrol, diesel, or electric

Contact a member of our team

Reach out to our expert contract hire team to discuss your requirements. Our team will do the hard work and find the perfect vehicle to meet your requirements.

Receive your quote

Once you've decided on the perfect vehicle, our team will create your custom quote. 

To do this we'll require some information from you;

  • Photo ID
  • Proof of address (personal contract)
  • Your employment history (personal contract)
  • Full details of your current income (by the month), as well as other major expenditures (personal contract)
  • proof of identity for the business owner and any directors (business contract)
  • address (business contract)
  • registration number (business contract)
  • bank statements and the annual net income

We'll find the best deal to suit your requirements, and send you quote to you via email or SMS.

Accepting your quote 

If you're happy with the quote you receive (and the accompanying terms and conditions), we'll proceed to check your credit to make sure everything is in order and the deal is affordable.

After which your agreement will be emailed to you via eSignature, once this has been signed we'll place the order with the dealership and confirm the lead time with you.

 

Delivery of your vehicle

As your delivery date approaches, we will contact the dealer to confirm the exact delivery address.

Once your vehicle has arrived with the dealer it will undergo a Pre Delivery Inspection (PDI). A PDI check is an inspection of the vehicle by the dealership to ensure that the vehicle does not have any body damage or mechanical issues. The dealer also checks the vehicle to ensure any accessories you have asked for have been fitted to the vehicle.

Once the PDI check has been done, we'll contact you to arrange delivery at a time and date that is convenient for you.

When you receive the vehicle it's important for you to check the vehicle straight away and notify us if there are any issues.

You will need to check:

  • The registration and vehicle specification is as expected
  • Paintwork for any scratches, dents, or imperfections
  • Windscreen and side windows for any cracks or stone chips
  • Alloy wheels for any scuffs or kurb damage
  • Check the interior is free from any marks or scuffs
  • Make sure the locking wheel nut(s), handbook (including service book) and tyre repair kit are present.
  • Any mileage on the vehicle

Make a note of the damage on the delivery note and where possible, photographs of any damage.

Insuring your vehicle

Once the delivery date has been confirmed you will need to arrange to have the vehicle insured with a fully comprehensive insurance policy.