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Contract Hire

Advantages

  • With a fixed monthly cost, contract hire makes budgeting easy. 
  • Flexible initial payments mean small initial outlay.
  • Low risk as it removes the uncertainty surrounding the future value.
  • If you’re VAT registered you can claim back 50% of the finance element and 100% on the service element.
  • Ability to run brand new vehicles, reducing potential issues and downtime.
  • Reduced fleet administration.

Disadvantages

  • The contract is for a fixed period; it can be expensive to terminate (usually 50% of the remaining rentals).
  • There is no option for the company to own the vehicle.
  • Based on a pre-determined annual mileage, going over mileage will mean you are charged an excess mileage charge. You are however able to change your contract should your circumstances change.
  • You must look after the vehicle and return it in a well maintained condition otherwise you will be charged for any damage over and above that stated in the ‘Fair Wear and Tear Guide’

Contract Hire is a simple and effective way to fund any number of vans. Contracts range from 24 to 60 months and are tailored to your requirements with bespoke initial payments and contracted mileages available.

With small initial rentals and fixed monthly costs, Contract Hire makes budgeting simple.

You have no risk on the residual value at the end of the contract, simply hand the van back and start again. Maintenance and recovery can also be included within the agreement.

Contract Hire is a simple and cost-effective way to fund any number of vehicles, not suitable for businesses that want to own the vehicle or use them in a manner that will cause large amounts of damage.

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Vanaways Reviews

   
Mark Carter

Mark Carter

01 April 2025

"First class service, I must mention Adrian & Ash on an excellent deal & swift turn around under the short notice I had to buying a new van. Slight delay in the delivery of the van from manufacturers end but Adrian agreed to cover the cost of a hire van until my new van was delivered which allowed me to continue working. its the first time i've purchased a van without physically entering a dealership and i wouldn't hesitate to do it again."

Jackie Lee

Jackie Lee

28 March 2025

"Excellent service from start to finish. Jake Wheelock was professional, efficient and really genuinely helpful. Had my truck in less than 2 weeks. Great communication and reliable. Would highly recommend!"

Zoe Batchelor

Zoe Batchelor

17 January 2025

"Love the van, Perfect as the spec I ordered, Saving up for the next one, thank you Adrian and Team, Boyd Batchelor, Tillage Nurseries"

Rob De-Ath

Rob De-Ath

18 June 2024

"Purchased my new ford platinum and Theo brown’s help was 1st class . Quickly responding to all emails and calls answering anything I needed to know to help get my deal over the line . Thank you again Theo I be back in touch at Christmas with my next order 👍😊"

Jessica Allard

Jessica Allard

11 March 2025

"From start to finish Morgan and the team have been fantastic in sorting 2 new defenders out for us from the quote 3 weeks ago to them being delivered they have been brilliant the deal they got us was unbeatable thank you Lewis @ steve Allard and son stonemasons"

4.9 out of 5 from 445 reviews
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