Personal contract hire is commonly referred to as a vehicle lease. The vehicle is purchased by the finance company who estimates a value of the vehicle at end of the term and your monthly payment consists of the depreciation and interest. The benefits are simply no residual value risk and fixed payments but the vehicle has to be returned in a reasonable condition and not a greater mileage than stated at contract inception or the finance company will levy a charge for this.
* 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.
Lakeland Fleet Management Ltd
Suite 4/1 Riverside House
Lakeland Fleet Management Ltd are a credit broker and not a lender, we are authorised and regulated by the Financial Conduct Authority. Registered No : 775127
Registered in England & Wales with company number : 10693583 | Data Protection No : ZA255583 | VAT No : 266 7571 64
Registered Office : Fletcher Way, Carlisle, United Kingdom, CA3 0LJ
Copyright © 2019 Lakeland Fleet Management Ltd, All rights reserved.