Hire purchase still commands a 25% share of the market. This is available to both companies and private individuals who wish to purchase their vehicles outright.

Hire purchase is designed to allow you to spread the cost of your vehicle over a period of time making it easier for you to budget and giving you complete ownership at the end of the term.

Main Benefits of Hire Purchase:

  • Fixed regular payments for easy budgeting
  • Variable deposits
  • Complete ownership at the end of the agreement
  • No deferred lump sum to pay
  • No restriction on the type of car

Leasing & Contract Hire

How It Works

  • You pay an initial rental usually equivalent to 1, 3 or 6 monthly payments
  • You make fixed monthly payments for the duration of the contract term (subject to VAT at the prevailing rate and subject to change in Vehicle Excise Licence)
  • At the end of the contract you simply hand the vehicle back without any further obligations
  • Your fixed monthly rental is based on the term of the agreement and the expected mileage throughout the term.
  • Maintenance packages can be included in these agreements, which include your servicing, tyres and fair wear and tear.

Why Choose Leasing?

  • We work with a huge number of vehicle manufacturers, enabling us to offer a huge amount of choice.
  • Our team of dedicated professionals are here to help guide you through the leasing process with the highest possible levels of service.
  • Our brand relationships enable us to provide extremely competitive leasing solutions for you or your business with flexible terms from 2 to 4 years.
  • Low initial payments are available, with fixed monthly rentals and choice of service and repair maintenance inclusion.


Contract Hire is the leasing of a vehicle for a fixed period of time at a fixed monthly rental. The choices of vehicle and contract terms are flexible to meet your individual needs and requirements.

The low cost attributed to contract hire is because the financial lender is able to reclaim the VAT on the new car and pass the savings onto the hirer in the form of low monthly rentals.


Benefits of Contract Hire:

  • Flexible rental pattern
  • Fixed monthly costs which can include maintenance
  • More capital available for your core business
  • Off-balance sheet borrowing
  • No depreciation risk
  • No disposal problems
  • VAT on rentals reclaimable if Maintenance included
  • No disposal problems
  • Administration and Management transferred to provider


A finance lease is a VAT-free method of financing a vehicle that is usually accessed by VAT-registered businesses and companies.

It is offered to businesses where a moveable asset (the vehicle) is purchased from a supplier your business can then use this asset while paying an effective rental rather than a repayment.


Benefits of Finance Lease:

  • Low monthly costs and initial outlay
  • Flexibility of payment options
  • Latest vehicles
  • Up to 50% of the VAT payments can be reclaimed
  • Allows you to feature the vehicle on your balance sheet
  • Hire rental tax allowances can be applied for
  • Maintenance packages often included
  • Proportion of the sale proceeds available at end of lease term