Contract Hire leasing is one of the most popular methods of vehicle leasing. Customers are able to hand their Mercedes-Benz back at the end of the term and replace it with a newer model using another Contract Hire agreement. It is perfect for VAT-registered companies which are looking for secure and flexible financial commitments for their fleet.
Leasing with a Contract Hire agreement is straightforward and easy. The fixed monthly rental cost is agreed over a fixed term and the rental cost will consider the estimated annual mileage of the selected Mercedes-Benz and the difference between the initial value of the vehicle and the predicted value at the end of your agreement. When the term of your Contract Hire draws to an end you can return your Mercedes-Benz car at no extra cost, provided the vehicle has not exceeded its mileage allowance.
A Contract Hire agreement is an excellent option for businesses with quick changing fleets, who are looking to minimise short-term expenditure.
Simply return your Mercedes-Benz to us at Lookers Business Solutions with nothing more to pay, subject to return conditions being met and the agreed contract mileage not being exceeded.
If you need further information regarding Contract Hire please do not hesitate to contact your local Lookers Business Solutions retailer.