Javascript is vital for the this website to function properly. Please enable or upgrade your browser

ŠKODA What is Contract Hire?

With all these different finance options it can get a little confusing on what option is best for you or your business. A popular choice is contract hire as it has been proved to be the most cost effective finance scheme and the easiest to manage. At Mervyn Stewart, our Business Development Managers take all of the stress and hassle away when you lease a car or fleet.

Whether you manage a fleet or run your own business, our finance plans are designed to allow you the peace of mind to concentrate on what’s really important – keeping your company moving forwards.

So how do contract hire agreements actually work?

Contract hire means agreeing to take control of a car for a fixed period – it’s yours to drive but it is never actually yours to own. Instead you reach an agreement with Mervyn Stewart to make fixed payments for the duration of the contractual period. At the end of the contract you return the car subject to our fair wear.

If you run a small business and want to run a ŠKODA without worrying about its future value or the hassle of eventually selling it, a contract hire agreement could be for you.

We’ll agree a plan of fixed monthly rentals lasting for one year to four years. At the end of the contract you simply hand the car back, subject to mileage and vehicle condition, and start a new agreement on a brand new ŠKODA.

You can budget ahead by adding servicing, maintenance and tyre costs to your agreement. It may even be possible for your business to recover the VAT on these elements.