Van Contract Hire

Companies offering Van Contract Hire

Van Contract Hire enables companies to release cash normally tied up to outright purchase vans, and allows low initial payments followed by fixed
monthly rentals for service, and maintenance if required.

Contract Hire companies calculate monthly rental costs based on the original capital costs, current interest rates, future residual value's and optional equipment, which is then recalculated based on the contract hire agreement required by the client such as; pre-determined period of the contract (e.g. 2yrs / 3yrs), pre-determined mileage to be covered (e.g. 10,000 / 20,000 p.a) and additional services you require such as; Service Maintenance & Repairs (SMR), Replacement Vehicle, Fleet Management etc...

At the end of the contract hire agreement the van is returned to the leasing provider with no further obligation on the users behalf (subject to terms and conditions of the contract). You need to pay attention to any additional costs such as; excess mileage charges, this may be charged if you exceed the pre-determined mileage set at the start of the contract hire agreement . Also, if there is any unfair wear and tear (not including accident damage) this may also be a cost, some of the best companies offer an excess of £150 or so, no charge fee but others will charge for most repairs required to bring the vehicle up to the BVRLA standards (British Vehicle & Rental Leasing Association).