Why is Business Contract Hire so popular?

Why is Business Contract Hire so popular?

Why is Business Contract Hire so popular?
13 May 2022

Business Contract Hire, also known as business van leasing, is a flexible finance solution that could help you avoid the risks associated with vehicle ownership and reduce business costs. BCH is a favourite fleet van leasing option in the UK.

Business Contract Hire is basically a long-term van rental, but can also apply to business cars or pickup trucks. A business van lease contract lasts between 24 and 60 months, after which the vehicle must be returned to the funding company.

A BCH agreement involves an initial rental, fixed monthly rentals for the duration of the agreement, and annual mileage limits.

The low initial rental costs make Business Contract Hire agreements popular. Compared with how much you might have to spend when you buy a van outright, this is a considerable saving. In addition, business owners appreciate that the BCH eliminates depreciation worries and that monthly rentals include road tax. Furthermore, BCH offers an optional full vehicle maintenance package for an additional monthly fee. 

A Finance Lease is another option to consider if you're interested in leasing a van or a pickup truck. You can compare the two by clicking the button below.

BUSINESS CONTRACT HIRE VS FINANCE LEASE

Do you need any help choosing the right van lease product for your business?

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We work in partnership with many of the UK’s leading van leasing, car leasing, contract hire and finance leasing funding companies in order to provide the most competitive rates and offer you the best leasing deals possible. Our guide to eligibility will help you understand the various requirements for establishing a vehicle finance agreement.

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Achieving the best van leasing deals and the best car leasing deals has become a key consideration in the work we do, so you can get the best leasing deals. Our process is built to ensure we accurately and efficiently identify your needs and requirements, achieve the best finance deal for you, apply for finance on your behalf and provide you with the quickest delivery possible.

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At Commercial Vehicle Contracts, we ensure that every aspect of the car leasing process and van leasing process is seamlessly undertaken with full management on your behalf, meaning you can sit back and relax with the peace of mind that your chosen vehicle will arrive at your desired address matching your required needs.

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