Definitions for "Contract Hire"
Keywords:  hire, vat, rental, vehicle, disposal
A fixed term contract (usually) for the hire of an asset on a set rental.
Fixed period vehicle rental e.g 12 months, 24 months available to include vehicle maintenance etc. Payments include VAT, PLEASE SEE Finance Options Page Contract Hire (Personal) As Above, but for private individuals not VAT registered
This is a finance agreement where the customer pays for the use of the vehicle and simple hands vehicle back at lease end.