Results for tag: "Contract Hire"

Contract Hire is a form of leasing that allows businesses and individuals to use a vehicle for a fixed period of time, usually between one and five years. The lessee pays a fixed monthly fee for the duration of the contract, and the lessor is responsible for the maintenance and repair of the vehicle. At the end of the contract, the lessee can either return the vehicle or extend the contract. Contract Hire is a popular option for businesses and individuals who want to use a vehicle without the commitment of ownership. It is also a cost-effective way to access the latest models of cars and vans, as the monthly payments are usually lower than those of a loan or hire purchase agreement. Some of the companies in the Contract Hire market include Alphabet, Arval, LeasePlan, Lex Autolease, and Hitachi Capital Vehicle Solutions. Show Less Read more