For private individuals who want a hassle free and cost effective way to finance and maintain a vehicle. Personal Contract Hire is the ideal financing solution, with benefits that include tax advantages and a new car every 2-3 years. One regular payment for the agreed period covers everything including Road Fund License. Maintenance packages are optional.
Features of personal contract hire:
- A Hiring Agreement where the vehicle remains the property of First Sterling Finance.
- The vehicle is disposed of by us at the end of the contract.
- The contract is set for a period usually between 1 & 2 years .
- The contract is for a set mileage usually for a maximum mileage of 100,000 petrol engines & 120,000 diesel engines
The customer pays a fixed monthly rental that will always include:
- Cost of vehicle funding
- Cost of vehicle depreciation
- Road Fund License
For an additional Rental the customer can include the following options:
- All Maintenance, Service, Repairs, Tyres and Batteries*
- Relief Vehicle provision
- Recovery service
- Motor Club Membership
*Accidental damage, driver abuse and glass breakage's are normally excluded
Advantages
- Fixed cost motoring: The Customer only has to bear the direct costs for fuel and vehicle insurance, plus Excess Mileage charges if the vehicle exceeds the Terminal Mileage figure
- Reduced Administration
- No responsibility for vehicle disposal
- Low initial outlay
- Low monthly outlay
Finance charged on VAT exclusive price of new and qualifying cars
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