Contract Hire: Get the Best Deals on Funky Cars

Itching to drive a funky car that will leave the world staring—and in awe—as you pass by? Before you even think about buying one, you should consider all the nitty-gritty of the entire business of securing a car loan, getting car insurance, maintaining it through the years, and shelling out money for gas for the entire time it is under your ownership. Is it not wiser to have a contract hire vehicle instead?

The Basics
So what is a contract hire car? How does it differ from rental vehicles?
It is a type of deal that allows you to use a vehicle of your preference for a long period of time. Depending on the stipulations, you can sit behind the steering wheel for a glorious two to four years, in general. After the deal period expires, you hand over the car keys and say a bittersweet goodbye. With a contract hire, you will be paying a monthly fee that will be so much lower than what you will typically have to pay for a brand new vehicle.
Although a contract hire is somewhat similar to a rental, you shouldn’t be confused with the terms. The difference lies in the time period you get to enjoy cruising around with the car. You have a few days with a rented car while the other option lets you savor its attributes longer, generally months or years.

The Advantages
Brand new cars are sold for their current market value, which could be pretty expensive at best or bank account-emptying at worst. Yet, the very moment you drive off with that hot new car, its value depreciates, since it is now officially considered a used car. You just forked over your lifetime’s savings to buy a brand new car that has already lost some of its market value.
The opposite is true with a contract hire car. The fair dealer charges you a final price based on the estimated value of the car after its depreciation. This accounts for the relatively lower monthly payments you have to make. Your savings from this low monthly fee is made even greater by the fact that you did not have to pay for the initial maintenance and insurance of the vehicle. These responsibilities—and burden—fall on the dealer’s pockets instead.
After months or years with your beloved funky car, you might be reluctant to part with it. Cast the separation anxiety aside because some dealers might settle for a cheaper final price, and you can eventually break a deal to own the car. Count this as part of your savings once again, as the price you will be paying will surely be lesser than what a brand new car costs.
Other benefits include being able to free up capital for more pressing needs, lesser risk of getting hit by rising maintenance and servicing costs, and not having to indicate the vehicle as an asset on your balance sheet.

The Better Choice
So shall you buy a car or just get it one on contract hire? Of course, the answer is the latter. With all the advantages of this amazing deal, you can drive your dream car without suffering recriminations from your conscience. Choose now, and honk your horns for the world to see you drive by in the coolest and funkiest car it has ever seen.

Vincent Hill is the Marketing Executive at Firstvehicleleasing.co.uk. First Vehicle Leasing provides best contract hires to all over the United Kingdom.

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