Personal contract hire is commonly referred to as a vehicle lease. The vehicle is purchased by the finance company who estimates a value of the vehicle at end of the term and your monthly payment consists of the depreciation and interest. The benefits are simply no residual value risk and fixed payments but the vehicle has to be returned in a reasonable condition and not a greater mileage than stated at contract inception or the finance company will levy a charge for this.
* All vehicle images and car descriptions on this site are for illustration and reference purposes only and are not necessarily an accurate representation of the vehicle on offer.
0191 378 3472
Vehicle Lease Direct
Osborne Business Centre,
Car and Van Solutions Ltd t/a Vehicle Lease Direct are a credit broker and not a lender, we are authorised and regulated by the Financial Conduct Authority. Registered No : 780115
Registered in England & Wales with company number : 10758700 | Data Protection No : ZA277870 | VAT No : 268 8963 30
Registered Office : Unit 1, Osborne Business Centre, Grove Terrace, Langley Moor, Durham, DH7 8JT
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