Short-term contract hire works in exactly the same way as contract hire. It is available to both business and personal users.

Short-term contract hire is an excellent way to regularly change your vehicle at a fixed budget. For example; take a twelve month contract hire agreement. The usual initial payment is the equivalent of three rentals followed by eleven payments.

With contract hire, as with other similar contracts, the greater the initial rental the lower the monthly rental will be. If the equivalent of one monthly rental were to be put down at the start of the contract then the monthly rental would rise accordingly.

Short-term contract hire does not have to be twelve months. It could be for example three months. It depends on how the contract is set out by the supplying leasing company.

The benefits of short-term contract hire can be numerous. If you require a car for a temporary employee or for a probationary period of employment, then this could be the ideal product for you.