Business Contract Hire or Finance Lease - which van leasing option is better?

Business Contract Hire or Finance Lease - which van leasing option is better?

Business Contract Hire or Finance Lease - which van leasing option is better?
13 May 2022

If you are a business customer, Contract Hire and Finance Lease are both viable vehicle finance options.

If you're looking for hassle-free van leasing where you simply return the vehicle at the end, Contract Hire could be the right option for you.  

With Finance Lease, however, you have more control over the vehicle and, if you look after it well, you might reap the benefits in the end. This is not possible when leasing the van on Business Contract Hire, as a higher residual value will benefit the funder instead of you. Finance Lease might also be more suitable for businesses that require more practical use of the van where there's a chance for damage to occur.  

Both agreements come with optional vehicle maintenance. If you choose a maintained agreement, you'll enjoy routine servicing, repairs, tyres, battery, exhaust, and breakdown recovery of your van for a small additional fee included in your monthly rentals.

Business Contract Hire and Finance Lease come with remarkable tax benefits.  You can find out more by reading our blog Tax Benefits and Implications of Business Car and Van Leasing. VAT-registered businesses may also be interested in learning how they can reclaim VAT on leased vehicles.

Click the button below to compare Business Contract Hire and Finance Lease. 

BUSINESS CONTRACT HIRE VS FINANCE LEASE

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Pricing
Basic List Price
Monthly Rental
Engine and Drive Train
Transmission Type
Engine Size
Engine Configuration
Fuel Type
Fuel Delivery Type
Gears
Axles
Emissions
CO2
Euro Emissions Standard
Electric Range
Combined (WLTP)
Fuel Consumption
Combined (WLTP)
Combined (NEDC)
Performance
Maximum Speed
0 to 60 mph
0 to 62 mph
Power (BHP)
Power (PS)
Power (KW)
Torque
Dimensions and Weights
Length
Width
Height
Wheelbase
Ground Clearance
Boot Capacity
Fuel Tank Size
Gross Weight
Kerb Weight
Max Braked Towing Weight
Max Unbraked Towing Weight
General
Body Style
Doors
Seats
Insurance Group
RFL Rate
Front Brakes
Rear Brakes
Standard Front Tyre Size
Standard Rear Tyre Size
Standard Spare Tyre Size