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Business Contract Hire, otherwise known as BCH, is a hire plan. This is a hassle-free choice if you just want to use a vehicle, not own it.
Contract Hire
- You must lease the vehicle for a minimum of 24 months and the maximum term is 48 months (subject to the vehicle type).
- You’ve no worries about depreciation or disposing of the vehicle. No VAT on monthly payments.
Contract Hire Flex
- An initial rental equivalent to between 3 and 6-monthly rentals may be required, after which you pay the agreed monthly rental until the end of the contract
- At the end of the contract you simply return the vehicle