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.
Take a look at some of our latest personal van leasing and contract hire deals below.
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Applied Leasing are a credit broker and not a lender, we are authorised and regulated by the Financial Conduct Authority. Registered No : 689942
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Registered Office : Suite 4 - 07, Grosvenor House Central Park, Telford, Shropshire, TF2 9TW
Disclaimer: All vehicle images and descriptions are for illustration and reference purposes only, all vehicle leases are subject to credit approval and subject to change at any time. E&OE.
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