We take a closer look at Contract Hire...
Choosing a new van for your business can be both exciting and a bit confusing. We’re here to make the experience as easy as possible!
Investing in new assets such as vans signifies that your business is heading in the right direction. However, with numerous finance options available, how do you navigate this area successfully? Here, we'll explain one of the most popular finance options: Contract Hire.
Contract Hire is a popular form of vehicle leasing. It is similar to Finance Lease in that it provides you with the use of a van for a fixed monthly cost over an agreed period. This is typically between two to five years, with three-year agreements being the most common. However, unlike Finance Lease, you do not have the option to purchase the vehicle at the end of the agreement.
Check out the advantages of Contract Hire agreements below. We have also highlighted some areas that require your attention. Overlooking any of these aspects could result in significant costs for your business.
At Vansdirect, we have a dedicated team of specialists ready to assist you in finding your ideal van and finance deal. Contact us today to secure a great deal.