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

   
Charlie B

Charlie B

28 May 2025

"I recently bought a new Ranger Platinum from Vanaways. I dealt with Chris Baxter who helped make the whole process really straight forward and kept me up to date. I would highly recommend and look forward to further business! Many thanks"

David Kenning

David Kenning

16 June 2025

"Great service right from the first contact with Reece, who then passed me onto Ash once initial sale was completed. From making payment delivery was approximately 3 days. Received text from Nathan this morning (16th June) and he was on time with delivery. Really pleased with the service I've received. Many thanks!"

Gary Catley

Gary Catley

16 June 2025

"I've been using Vanaways for a few years now for all my company vehicles. gabby and Ji was have been very helpful and makes the whole process stress free. Highly recommend"

Paul

Paul

29 April 2025

"Overall dealings were good. Broadly speaking, response to emails could've been more timely. Joe, Snr Cust Service advisor in particular, was very good indeed. Sorted out the paperwork issues promptly. Overall, would recommend."

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."

4.9 out of 5 from 456 reviews
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