Contract hire is one of the most popular forms of leasing, with both personal and business lease deals available. Contract hire works in a way that allows you to hire a vehicle for a certain period of time, usually 6-60 months on agreed monthly payments after a deposit has been placed. Contract hire has risen in popularity because depreciation is always a big worry for new car buyers, so with contract hire that worry is removed. You are however not the legal owner and when the agreement ends, the car must be handed back without the option of purchase. When you take out a contract hire agreement, whether it is for personal or business use, then there are certain things that must be agreed beforehand. The annual mileage must be agreed before the contract is taken out and this will alter the price depending on how many miles you travel a year. If you go over your annual allowance, then there is an extra fee per mile. The amount of deposit and the monthly payments are then agreed and fixed for the length of the contract, so they will not alter when the interests rise.
* All vehicle images and car descriptions on this site are for illustration and reference purposes only and are not necessarily an accurate representation of the vehicle on offer.
T: 01254 956666
F: 01254 919001
Hippo Vehicle Solutions Ltd
Registered Office : Trident Park Trident Way, Blackburn, BB1 3NU
Registered in England & Wales with company number : 06215364 | Data Protection No : Z1246427 | VAT No : 912667322
Hippo Leasing is a trading style of Hippo Vehicle Solutions Ltd (Company Number: 06215364) Hippo Vehicle Solutions is authorised and regulated by the Financial Conduct Authority FRN:658076. Hippo Vehicle Solutions Limited trading as Hippo Motor Group, is an Appointed Representative of Autoprotect MBI Ltd for insurance mediation purposes. Autoprotect MBI Ltd is authorised and regulated by the Financial Conduct Authority , its firm reference number is 312143. We are a member of the BVRLA and you can contact them via post, here: BVRLA, River Lodge, Badminton Court, Amersham, HP7 0DD.
We are a broker not a lender and our registered office is Trident Park, Trident Way, Blackburn BB1 3NU. Our contract number is 01254 919000
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