What is Business Contract Hire?
Business Contract Hire deals, or BCH deals, offer you a low cost and no hassle leasing solution for running a new car of van through your business. You’ll pay a small initial payment for your BCH deal, allowing you to keep more cash in the bank, and set monthly payments over an agreed timeframe, allowing you to budget easily.
At the end of the Business Contract Hire deal you hand the car back to the finance company leaving you no worries of vehicle disposal or any depreciation the car or van may have experienced over the BCH agreement.
A typical Business Contract Hire example:
| Cash Price: |
£18,390.00 |
| Annual Mileage: |
18,000 miles per annum |
| Contract Term: |
48 months |
| Profile: |
3+47 |
| Monthly Rental Payment (excluding VAT): |
£280.00 |
| Monthly Maintenance Payment (excluding VAT): |
£50.00 |
| Total Monthly Payment (excluding VAT): |
£330.00 |
| Initial Payment: |
£990.00 |
| Excess mileage charge: |
7.5 pence per mile |
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