Personal Contract Hire, as the name suggests, is essentially the same as contract hire but for private individuals. If you change your vehicle at regular intervals contract hire can be an excellent alternative to ownership.

It provides fixed costs over an agreed period of time and can include a full service & maintenance package if that's what you chose. This change of approach from ownership delivers hassle free motoring as the unforeseen running costs, resale value risks and the awkward vehicle disposal problems remain with the leasing company.

Company cars are sometimes replaced by employers. 'Cash for Car' alternative arrangements are put in place where the employee receives an allowance and in return they arrange their own vehicle requirements.

It can be tax efficient for an employee to do this as an alternative to receiving a company car. By contract hiring a vehicle it removes the problems normally associated with company car tax. Depending on an individual's circumstances there are plenty of potential benefits.

When it comes to paying for your new vehicle the deposit can often hit hard. With contract hire you put down an initial deposit in the form of an initial rental as you are hiring the car not buying it. It's a little like daily rental but for a longer term. This initial payment tends to be lower than a purchase agreement, usually three rentals up front, so this can definitely be an advantage.

As an individual, you hire a vehicle for a fixed contract period, often two or three years and then hand it back to the leasing company after the period of hire is over. We normally contact you three months before the end of the contract to help you choose your next vehicle.

Our list of featured car deals are regularly updated and we work hard to bring you special offers so keep up to speed with these as they offer great value.