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.
T: 01902 928343
West Midlands House
Leaselife are a credit broker and not a lender, we are authorised and regulated by the Financial Conduct Authority. Registered No : 820480
Registered in England & Wales with company number : 11381641 | Data Protection No : ZA464991 | VAT No : 302 1534 61
Registered Office : West Midlands House Gipsy Lane Willenhall WV13 2HA
Copyright © 2019 Leaselife, All rights reserved.