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.
* If the vehicle exceeds the contract mileage an excess mileage charge will apply. These will be specified on your quotation. You should try and estimate the distance you will travel as accurately as possible to try and avoid excess mileage charges at the end of your contract.
T: 0345 643 5687
3 Eaton Court Road
Colmworth Business Park
AAM Group trading as bestcarfinder.co.uk are a credit broker and not a lender, we are authorised and regulated by the Financial Conduct Authority. Registered No : 667946
Registered in England & Wales with company number : 03107480 | Data Protection No : Z7840262 | VAT No : 667706890
Registered Office : 3 Eaton Court, Colmworth Business Park, Eaton Socon, Cambridgeshire, PE19 8ER
Copyright © 2018 bestcarfinder.co.uk, All rights reserved.