Contract hire vs car leasing

[obi_waynne]

Is there a difference between contract hire and vehicle leasing?

Do you think they are a good option for a business? What are the pros and cons of contract hire or car leasing?

 

[HDi fun]

They're one and the same really. Both can be had with or without maintenance. It's good for businesses in that there is no capital outlay. OK ,you never get to own the car, you simply pay for the use of it.

Some of the best deals are early redemptions, where the lease operator has had a vehicle returned before it's 1/2/3 year contract and they want to get some value back from it.

Many schemes will often give you an option to purchase at the end of the period.

 

[billyo]

Cant you always buy the car at the end of a contract but not on the leasing?

 

[HDi fun]

Most will offer you the opportunity to purchase as it removes the need for the lease company to dispose of it via auction. THere really is little to separate the two if you're running a business and need cars.