Our Best Contract Hire Deals
Welcome to the official LeaseCar website!
At Leasecar.co.uk we pride ourself on both the quality and quantity of our range of vehicles.
At LeaseCar, we offer a comprehensive range of exciting high-end cars and flexible lease agreements to suit your specific business or individual needs. LeaseCar has a wide variety of vehicles available including coupes, hatchbacks, saloons, and convertibles and we look forward to offering you an affordable contract hire price today.
We will find the right vehicle for you at the right price!
We offer a wide range of affordable funding services, they include:
- Business Contract Hire
- Personal Contract Hire
- Business Contract Purchase
- Personal Contract Purchase
- Finance Lease
- Lease Purchase
- Hire Purchase
These options are covered in more specific detail further down this page.
All of our models come directly from the manufacturer, so if you are looking for a Nissan, Audi or even a Bentley we can offer you guaranteed high quality and exceptional performance. Our dedicated team have the expertise to ensure that you make the correct decision and they have a wealth of experience when it comes to choosing vehicles that suit each and every one of our customers' needs.
Throughout the decision making process, from our initial communication, the LeaseCar team will listen closely to you and pick a vehicle from our extensive range that really meets your requirements, whatever they may be. During the life of your contract the LeaseCar Customer Services Team will be on hand to offer assistance and advice to help make certain that you have the best experience possible.
We offer a huge range of high end vehicles in a variety of different colour schemes and also vehicles with a number of additional extras. Our website is very easy to navigate, when searching for the vehicle you want you can either search directly from the search bar in the top right hand side of our site, or have a scroll through the list on the left hand side. Alternatively, you can give us a ring on 0845 259 1913 for a friendly and helpful chat about what we can offer you.
From corporate fleet requirements to an individual city run around, our vehicles are available to lease from as little as two years or as long as five years; our good value offers will help your money go that little bit further.
We offer sensible solutions for anyone and, unlike car purchasing, contract hire doesn't require a large deposit, helping you to remain within your specific budget.
We offer a friendly service and free delivery within the mainland for all vehicles.
Key benefits of car leasing and contract hire include:
- Flexible Lease agreements
- Low monthly payments
- No large deposit required
- No depreciation worries
If you have found a vehicle at a lower price with another Contract Hire company, we will try and match or even beat their price. There is a good possibility that by calling LeaseCar and talking to one of our team that we will be able to find you a better deal from within our range. Why not find out? Pick up the phone and give us a call to find out about our amazing lease deals and contracts.
Business Contract Hire
What is contract hire?
Contract Hire is the most common form of leasing agreement in the UK and is also often referred to as an operating lease. With Contract Hire, you can benefit from:
- Fixed long-term rental agreement.
- Fixed mileage (this can be adapted if required)
- You only pay for the use of the vehicle
- At the end of your contract you simply hand your vehicle back
There are many advantages to choosing a contract hire, including:
- Cash flow improvements
- Low initial payments
- Flexible payment options
- Motoring at a fixed cost
- Removes any financial risk involved with disposing of vehicles
- Full maintenance packages
- Fleet discounts available
- Reclaim 50% of VAT on finance
- Reclaim 100% of VAT on maintenance
However, it's important that you understand some of the disadvantages associated with Contract Hire. These disadvantages can include:
- Terminating your contract early can be expensive
- The vehicle must be well-cared for and must be returned in good condition
- You cannot rely on third party car insurance, as the vehicle is not actually yours. Along with this, you must have fully comprehensive insurance
- At no point during your contract will you own the vehicle
- You cannot get the option to buy the vehicle
- Additional information on contract hire
Contract Hire is the UK's favourite form of car leasing, with many people opting for Contract Hire thanks to the fact that it can allow you to choose a vehicle you like, while also keeping your initial payment low.
Thanks to this low initial rental payment, you can get the car you want at a much faster rate. You can trust that LeaseCar will provide you with the earliest delivery date possible, and you will be kept fully up-to-date concerning the progress of your order.
Once your contract comes to an end with LeaseCar, you don't have to worry about your vehicle depreciating in value, or even think about how to dispose of your vehicle, as you can simply return it to us and take out a new contract.
One of the biggest costs in motoring, which you often don't see, is the depreciation of your vehicle. With Contract Hire though, you don't have to bother with this issue, and as Contract Hire is available for both businesses and individual people, everyone can benefit from it. Both Business and Personal Contract Hire options are easy to manage and are incredibly cost effective in the long-run.
You won't find a more flexible car leasing choice than Contract Hire, which is why everyone sees it as an attractive budgeting option. At LeaseCar, you'll be able to find the ideal payment plan to suit your needs, and you will be able to adjust your monthly payments if your contract duration is lengthened or if you make a larger initial rental payment. As a general rule, the full amount that you pay over the course of your contract will be the same, but it's in your hands as to how you split up your payments.
You will be able to select your preferred annual mileage limit when your enter into a Contract Hire agreement with LeaseCar. We will ask you how many miles you believe you'll complete within a 12 month period when we create your quotation for you, which will set your limit. Any excess mileage will be charged at a set amount.
You will normally be able to choose your milage from 10,000 to 40,000 per annum, which will allow the finance company to calculate your monthly rental amount. If you believe you have accidentally underestimated your mileage though, you will be able to adjust your contract. This will mean that you pay slightly more each month though, or you will pay the excess mileage charge once your existing contract has come to an end. You will usually only ever have to pay a few pence per mile.
If you wish to place all of your motoring costs in one, easy to manage payment, LeaseCar can help you by including a maintenance contract in your finance agreement. With this, you will be able to pay a monthly charge for the maintenance of your vehicle.
This often includes the following:
- Routine maintenance
- Battery costs
There are many similarities between Business Contract hire and Personal Contract Hire, with the obvious difference being that one is ideal for companies. You will be able to enjoy many benefits when choosing to take out a contract hire agreement via your business though, such as the following.
- Reclaim 50% of the VAT payable on the finance element of your payment
- Reclaim 100% of the VAT on your maintenance element
If your company requires the use of a fleet of vehicles, Business Contract Hire would be ideal. Discounts can be applied for customers interested in leasing a fleet - our sales team will be more than happy to discuss this with you in more detail.
Personal Contract Hire
What is Personal Contract Hire?
With Personal Contract Hire, you can benefit from the following:
- Fixed term contract
- Fixed mileage contract
- You only pay for the use of the vehicle
- At the end of your contract simply hand the car back
- Option of including maintenance with the contract
The advantages of choosing Personal Contract Hire include:
- Flexible initial payment
- No depreciation or disposal risk
- Fixed cost motoring
- Flexible profiles to suit you
- Full maintenance packages available
There are, of course, some disadvantages to choosing Personal Contract Hire, such as:
- The car must be returned in a well maintained condition
- Early termination can be expensive
- You must have fully comprehensive car insurance
- You will never own the vehicle
Customers that choose Personal Contract Hire will be able to pay an agreed monthly charge as part of a fixed term contract that allows them to have use of a vehicle for a previously agreed period. This allows the customer to remove any financial risk that may be associated with disposing of a vehicle. LeaseCar can allow contracts to be taken over two, three or four year periods, which provide our customers with a high level of flexibility.
We can also allow some of our contracts to be extended past the end date of the contract, if this is required. If this is something you may be interested in, simply ask one of our helpful members of staff and they will explain more about this.
You may find that Personal Contract Hire and Business Contract Hire are very similar, as they are both based on a fixed annual mileage that is agreed at the beginning of your contract. When this is decided, you must choose how many miles you drive per year for quotations to be provided.
The regulations for mileage amendments following live contracts can differ from funder to funder, so it is vital that you are always as accurate as you possibly can be. If you do find that you go over the agreed allowance at the end of your contract, you will have to pay an excess mileage charge. This will have been agreed prior to signing the finance agreement.
If you want to ensure that your motoring costs are always predictable, you may want to consider adding maintenance to your monthly payments. With maintenance, you will be able to rest easy in the knowledge that any challenges that may arise can be dealt with without having to pay extra.
You will be able to stay covered for the following:
- Routine maintenance
The person that is named on the finance agreement will be responsible for making and arranging for fully comprehensive insurance for the vehicle that you choose.
Once your contract has finished, you can simply return the car to LeaseCar with absolutely no strings attached. However, we do hope that customers choose to order a new car with us once this has happened!
It is important that the vehicle is returned in accordance with the guidelines set out in the Fair Wear and Tear Guide, a copy of which is made available to customers when they are near the end of their contract hire agreement.
Who can benefit from Personal Contract Hire?
If the idea of having a new car every few years appeals to you, and eliminating the financial risk which comes with the disposal of a vehicle also does, then personal contract hire could be the ideal solution.
Contract Purchase and Personal Contract Purchase
Customers who would like to purchase a new car and pay for it in a manageable way should explore the idea of Contract Purchase. The payment is made in monthly instalments which are not subject to VAT (there is an optional service package, however, on which VAT has to be paid if you decide to opt for it).
Advantages of Contract Purchase
- Payment is made via fixed monthly instalments
- The initial payment is low
- The majority of new cars are more fuel efficient than older ones
- There is a refinancing option on the balloon payment
- You don't have to worry about the car's depreciation if you ultimately decide to walk away
- Initial low payment allows access to luxury vehicles
- Servicing and maintenance options are available
- The finance company agrees a fixed resale with you upon the contract's inception
- You can return the car once the contract expires
- The whole process is much more hassle-free
- Much more cost effective
More information on Contract Purchase
Contract Purchase ultimately gives you more choice at the end of the finance agreement - it is much more flexible and is also referred to as ‘Choices’ and ‘Options’ because of this.
Car leasing is a great way for people to drive cars which they would otherwise not have been able to, due to its cost-effectiveness. Upon the termination of the contract you can choose whether you can chose to make the balloon payment, refinance it (so that you can carry on with that vehicle) or simply hand the vehicle back and be done with it.
When the contract is first established, Contract Purchase customers make their initial payment, before fixed monthly payments are put in place, and then at the end of the contract there is an optional balloon payment (this is also referred to as the ‘generated future value’ - acronymed as ‘GFV’).
Because the initial payment is so low, it allows customers to access cars of a luxury and sophistication that would previously have been too costly for them.
At the end of the contract period, you have four options:
- Return the vehicle to the funder, provided mileage limits have not been exceeded and it is in a condition appropriate for its age
- Pay the balloon payment so that you can keep the vehicle, or refinance said balloon payment (once the balloon payment is paid off, the car if yours)
- Trade the vehicle in at a dealership in part-exchange for another car from them (if the trade-in value is more than the GFV, you can put the difference towards a deposit)
- If you think the car is worth more than its GFV, you can sell it privately - you thereby get to keep any profit you make on it
Getting the best monthly payment
If the idea of Contract Purchase appeals to you but the monthly price is a little higher than you would like, there are several ways in which you can go about trying to lower the price of your payments:
- Look at longer contracts - four or five year contracts often have much lower monthly payments than, say, two or three year ones
- Put down a bigger deposit - your monthly payments will be lower as a result
- Accurately calculate what your estimated annual mileage will be - if you are paying for, say, 10,000 miles a year but only doing 6,000, you are paying more than you need to be
What is Finance Leasing?
Sole traders, partnerships, companies and VAT-registered businesses should look into finance leasing their vehicles. In this arrangement, the finance company owns the vehicle and they keep it at the end of the contract. So, in essence, cars are just hired out to businesses for set amounts of time.
Advantages of Finance Leasing
- Monthly costs are low
- Balloon rentals can be introduced at the end of the contract to reduce monthly payments
- Customers can claim 100% of the VAT on commercial vehicles and 50% on cars
Disadvantages of Finance Leasing
- Customers will never have the option to own the vehicle
- The car is eventually sold to a third party
- The operating risks associated with each vehicle
- Rates of interest can vary
Additional information on Finance Leasing
Just as with all other leasing contracts, there is usually a low initial payment, followed by fixed monthly payments.
Monthly payments are calculated by taking into account the initial cost of the vehicle, its end value, the size of the balloon payment and the length of the contract. Finance leasing still involves fixed mileage restrictions.
You will have full use of the vehicle throughout the finance leasing period. Upon the termination of the contract, the finance company then sells the vehicle to a third party. If it turns out to be sold above the predetermined balloon payment, the finance company refunds some of the proceeds to the business (or company) who leased the vehicle. Some companies will also allow you to take out a second rental of the same car if you want to keep it for longer, for whatever reason.
Who would benefit from Finance Leasing?
Companies who want a vehicle quickly without having to make large initial payments would benefit from Finance Leasing, as it would not disrupt their cash flow. A finance Lease would also be ideal for people who want access to luxury vehicles without having to own them.
For businesses especially, Finance Leasing is a great option because there are some tax benefits.
Advantages of Lease Purchase
- Low initial payment
- Fixed mileage contract
- Fixed contract
- Ideal for non-VAT registered customers who want eventual ownership of the vehicle
- Effective budgeting with balloon facility. Ownership of the vehicle is acquired once the balloon has been paid in full at the end of the contract.
- Flexible profiles to suit you
- Fixed cost motoring
What is Lease Purchase?
Lease purchase is a type of car finance which would suit non-VAT-registered customers who eventually want to take ownership of the vehicle, but do not have the money to do so straight away.
It is possible to put down a larger initial payment - which can greatly reduce the subsequent monthly payments. The difference between the retail value and the depreciation value is how the monthly cost is worked out. Because of this, Lease Purchasing a car which holds its value will work in the customer's favour.
How does Lease Purchase differ to Contract Purchase? Well, contract purchase gives you the option to purchase the vehicle at the end of the contract, whereas at the end of a lease purchase you have already agreed to purchase it at the end. Therefore Lease Purchase contracts are only suitable for those who are positive they want to take ownership of the vehicle at the end of the contractual period (this involves paying off any balloon payments associated with the contract too). Lease purchase agreements can last anywhere between two and four years, but the agreement can be settled at any point during the contract.
Who will suit Lease Purchase?
Organised companies who are adept at managing fleets and seeking out good deals would benefit from Lease Purchasing. In the same way, though, failing to do enough research could result in balloon payments which are much more than the vehicle's residual value.
Hire Purchase provides the customer with more options at the end of the contract period. Hire Purchase agreements can be drawn out over a few years - the longer the contract, the lower the repayments - but the higher the interest rates. ATR rates are normally fixed throughout the contract. These finance agreements usually last between two and three years, but there are finance companies who will allow you to finance the vehicle over a longer period of time in order to keep your monthly payments low.
Advantages of Hire Purchase
- Means you are able to afford a brand new car
- Deposits are low
- Monthly payments are low
- Fixed APR for the entirety of the contract
Disadvantage of Hire Purchase
- You are not the registered owner of the vehicle until all of the payments have been made
How does Hire Purchase work?
The customer picks out the car they want to finance at a dealership, and then a finance application is completed and sent to a finance company. This application requests a loan from the finance company, which, if they agree to, means that they pay the dealership the money for the car on your behalf. You are then the registered 'keeper' of the car, whilst the finance company is the legal owner. Once all of the payments have been made, you are then the owner of the car. You can settle the full balance of the agreement at any time you want during the contract, but may be charged for settling it early.
Who will Hire Purchase best suit?
Hire Purchase is an ideal solution for anybody who wants a new car but would prefer to manage the payment of it in a more affordable way. This is the option a lot of people take if they want to acquire a new vehicle without having to purchase it outright. This also allows customers to gain access to cars which would usually be out of their price range.
Hire Purchasing also has benefits for those in business:
- The interest is generally lower than the interest on a bank loan would be
- Once the vehicle is owned by you it is classed as a company asset
We offer a wide range of vehicles from these manufactures: Alfa Romeo, Aston Martin, Audi, Bentley, BMW, Citroen, Dacia, Fiat, Ford, Honda, Hyundai, Infiniti, Jaguar, Jeep, KIA, Land Rover, Lexus, Maserati, Mazda, Mercedes-Benz, MG Motor UK, Mini, Mitsubishi, NIssan, Peugeot, Porsche, Renault, Seat, Skoda, Smart, Ssangyong, Subaru, Suzuki, Toyota, Vauxhall, Volkswagen, Volvo.
Our most popular ranges include: Nissan Juke, Peugeot 208, Ford Focus, Nissan Qashqai, Nissan X-Trail, Ford Mondeo, Volvo V40, BMW 5 Series, Mercedes-Benz C Class, BMW 3 Series.
We are 100% committed to finding the right vehicle for you, and at the right price!
If any of the offers above seem suitable for you, please call us now on 0845 259 1913 to speak to a member of the LeaseCar staff, or alternatively contact us on twitter (@LeaseCarUK) for any other enquiries.