Business Contract Hire
Business Contract Hire allows a company to run its fleet of automobiles at a fixed cost. Lease periods tend to run from 2 to 5 years, and In most cases, the longer the lease term, the lower the cost of the monthly rental. The monthly business contract hire rental is determined by many factors including the capital cost of the vehicle, the estimated resale (residual) value, the contract term, and the mileage allowance on the contract.