There are many advantages to Drivelease Personal Contract Hire including:
Fixed prices: You can lease both new and VAT qualifying (VAT Q) pre-owned, ex-demonstrators or management cars at a fixed monthly price without interest charges. This will assist with budgeting.
Low initial payment: Typically from as little as three monthly rentals.
Cost effective: The monthly rental for a personal contract hire agreement will typically be less than that of a personal loan.
Vehicle Exercise Duty (road tax): This will be included for the duration of the contract.
Optional maintenance packages: Personal contract hire deals can include maintenance packages which again can help assist with budgeting.
No risk of depreciation: You don’t have to sell the car at the end of the contract so you don’t have to worry about its depreciation.
Wider choice of premium vehicles: With a personal contract hire agreement, you could afford a car that may otherwise be beyond your budget if buying. Luxury, prestige and performance cars tend to depreciate less so often provide the best personal contract hire deals.