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Contract Hire and Leasing

contract hire and leasing

We specialise in personal and business contract hire and leasing of cars and commercial vehicles such as vans and pickup trucks. Please find a useful guide to contract hire & leasing.  We can answer all your questions, making it clear what the benefits of car leasing are and why we are the clear choice for you.

What is contract hire?

Contract Hire is by far the most common form of new car leasing.  It is an affordable and manageable way to drive a new car.   When you take a car leasing deal you choose the exact make, model and derivative of vehicle required and the lease duration - usually 24,36 or 48 months - but you don't own the vehicle. Instead, you reach an agreement with the car leasing company to pay an initial rental and then recurring monthly rentals for the term of the lease. 

At the end of the lease, you return the car to the leasing company with nothing more to pay (subject to mileage terms and vehicle condition).

What are the benefits of car leasing?

There are many benefits to choosing a business or personal contract hire car leasing deal over alternatives such as contract purchase or finance. 
Perhaps the most important benefit is financial. Car leasing from Lease World offers the advantage of fixing many of your motoring costs – you know exactly what you will have to pay and when you have to pay it, helping you to stick to a budget. 

If you require company car leasing and you are VAT-registered you can reclaim of the VAT for 50% of the total payments made and 100% of the maintenance package costs. Hire rental tax allowances can also be applied. In addition you don't have to worry about depreciation - the leasing company carry the risk. If the lease vehicle loses more value than the leasing company had expected its their loss not yours.

At the end of the lease term, the car is collected from you and so you also avoid the hassle of selling the car. 
With contract hire you can be driving a brand new vehicle every two or three of years if you like, which means you'll never have to worry about the car being out of warranty. With some lease deals you can even pay extra each month for maintenance costs so that if any problems should arise with the car, you won't have to find the money to repair it. 

New cars have a warranty that lasts for the first three, five, some even seven years, so it may not be cost-effective to double up on maintenance costs. Of course, manufacturers warranties don't cover everything. We discuss aspects such as the wear and tear on tyres and batteries as these are unlikely to be included so it is important to look at just what the maintenance payments do and don't cover. 

Finally, whether you're a business or personal user, you can take advantage of the benefits provided by contract hire & leasing, as we offer both.

Where do the cars come from?

All of our new cars are supplied by the very best, hand selected new car dealers. We only work with the very best suppliers ensuring that our customers nto only get the best value but also the best service.  

All of our new cars come with full dealer and manufacturer back up, meaning we provide a nationwide car leasing service. This is really important when considering a leasing company - and with Lease World you get that assurance and peace of mind.

What else do I need to know?

There are some important things to know when you're considering a car leasing deal. 

Firstly, whether personal or business contract hire there will be an annual mileage limit. It is therefore important to choose the right deal for you, as should you exceed the mileage over the agreed term there will be more to pay at the end of the leasing deal. We will advise you on the best route with regard to mileage as it sometimes pays to look at different contracted mileages and going for the lowest mileage option might not be the most cost effective.

As you don't own the car when you use contract hire and leasing you will need to have fully comprehensive insurance. Third party insurance only covers damage to other people's property in the event of a claim, leaving you liable to the cost of repairs for damage to your vehicle. Handing back a damaged car at the end of the contract hire period will result in additional charges.   While you will have no problem getting comprehensive insurance on a leased vehicle premiums can sometimes be very slightly higher. Typically this is only £10-£15 a year, so if a leasing deal is appropriate for you this is very likely to be worth paying. 

Finally, should you miss a scheduled payment or wish to end the lease before the contract term has ended you could incur further charges.  Whilst officially you do not have the option it is very common be allowed to extend the lease or even purchase the vehicle at the end of the lease.  This is at the funders descretion but can often be beneficial to all parties.

Contact us

Email : sales@leaseworld.co.uk

Telephone : 01189 420030

Company Address :
Lease World Ltd
50 Gratwicke Road
Tilehurst
Reading
Berkshire
RG30 4TT

Lease World Ltd are a credit broker and not a lender, we are authorised and regulated by the Financial Conduct Authority. Registered No : 737366

Registered in England & Wales with company number : 07069478 | Data Protection No : Z216605 | VAT No : 985 366 468

Registered Office : 12 Park Lane, Tilehurst, Reading, Berkshire, United Kingdom, RG31 5DL

Disclaimer: All vehicle images and descriptions are for illustration and reference purposes only, all vehicle leases are subject to credit approval and subject to change at any time. E&OE.






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