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Contract Hire
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.
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