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What is Contract Hire and Leasing

Car leasing can be a confusing matter when it comes to car hire for companies and private businesses. So what exactly is contract hire and leasing ? and is it suitable for your business?

There are many reasons why a company may choose contract hire and leasing, including flexibility and choice. Many organisations see the benefits of leasing vehicles over car ownership.

Here are a few key benefits:

  • No lump sum payments - with no large, upfront payments, there are less financial risks involved with contract hire and leasing. When purchasing a car, there is often a large payment (sometimes up to a third of the whole price) required upfront.
  • A contracted period of time - car leasing means that the car has to be returned when the contract runs out. This is extremely beneficial for companies that hire new staff on a regular basis.
  • Low monthly payments - car leasing instalments (usually on a monthly basis) are less than the repayments for buying a car. What to expect from contract hire and leasing:
  • A three year leasing period - at the end of the period, the car is returned. In some cases, the lessee is given the option to completely purchase the vehicle.
  • Early lease cancellation - for early cancellations to end a lease contract, there may be fees to pay.
  • Expensive, luxury vehicles - many companies choose contract hire and leasing on their cars because of the choice of luxury vehicles available to choose from. Some of the most popular are Audi car leasing, BMW leasing, Mercedes car leasing, and Nissan Qashqai leasing.

Corporate image is important for organisations in every industry and sector, and the cars that company representatives drive, can often be used to raise the profile and reputation of a business.

If you are looking for contract hire and leasing on the best business vehicles around, visit Swiftlease today. They can offer Audi car leasing, BMW leasing, Mercedes car leasing, and Nissan Qashqai leasing. Visit the website to find out more: http://www.swiftlease.co.uk/

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