Fixed Monthly Costs
Contract hire is a fixed-cost form of motoring. For a set monthly payment, you get the use of a vehicle for an agreed duration and mileage limit that suits you. This fee takes into account the vehicle’s price when hired, forecasted mileage and estimated depreciation over the hire period. As long as you have not exceeded the mileage and the vehicle is in a fair condition, you just return it at the end of the contract, with no further cost.