Contract Hire is available for both private and business users. It is a longer term rental agreement for a fixed term and fixed mileage. You will not own the vehicle at the end of the agreement, but it does enable fixed monthly payment budgeting without the vehicle disposal involvement at the end. You simply hand the vehicle back, subject to mileage and condition of course. It is more popular with business users who can usually reclaim the VAT payable on the rentals.