Business Contract Hire is an efficient way of funding a single vehicle or a business fleet. Simply choose a vehicle for an agreed period up to 60 months in exchange for a fixed monthly rental – making it easier to budget. There are no vehicle depreciation worries since you just return the vehicle at the end of the contract. Fixed price servicing and maintenance options are usually available with most contracts for an additional cost.

Personal Contract Hire is the choice favoured by most people who would prefer to use a vehicle, rather than own one. You simply choose a vehicle for an agreed period, up to 60 months, in exchange for a fixed monthly rental. There are no depreciation or vehicle disposal worries since you just return the vehicle at the end of the contract. Fixed price servicing and maintenance options are usually available with most contracts for an additional cost, meaning PCH is the ultimate in hassle-free motoring.

Personal Contract Purchase (PCP) is a flexible form of conditional sale loan where some of the cost is deferred until the end of the agreement. The benefits of this is lower monthly payments. The deferred amount is known as the Optional Final Payment and is sometimes also referred to as the Guaranteed Future Value (GFV). At the end of the agreement you have three options: Retain the vehicle, Return the vehicle, Renew the vehicle.

A simple purchase agreement that gives you the certainty of a fixed interest rate, and fixed monthly payments throughout the agreement. The initial deposit and repayment period can be structured to help meet your budget and the length of time you’d like to keep the vehicle.