Trusted UK Contract Hire Broker
Contract Hire and Vehicle Renting
Contract Hire is a way of funding the use of a vehicle for a set period. This is known as ‘renting’ the vehicle. This is sometimes called the primary period of hire. At no point during this agreement will the customer have any rights to the vehicle nor own the title to the vehicle.
Contract hire is open to private individuals or businesses. As the payments attract VAT, this type of agreement ideally suited VAT registered businesses. This agreement allows the customer to choose a vehicle and use it for a set period. The customer agrees an anticipated mileage, and period. Once the leasing period is finished, the customer hands the vehicle back to the leasing company. The only cost to the customer is the agreed fixed monthly payment for the use of the vehicle.
The customer is not responsible for the sale price of the vehicle at any point of the agreement or at the end of the contract. The customer will not be required to pay any settlement fee at the end of the contract; however charges may apply should the vehicle not be in the agreed condition. The customer must ensure that the vehicle has been kept in a ‘good condition’; any damage, which is beyond ‘reasonable wear and tear’, is the responsibility of the customer.
The customer should ensure that the vehicle has not exceeded the anticipated mileage, if it has exceeded this number, the customer will be charged at a pence per mile rate plus VAT. We hope that this has helped clarify the options available. Should you have more queries or questions, do not hesitate to contact our customer service team, who will promptly respond to any of your queries.
Good & Bad Credit Finance
At Forward Motor Finance, we cater to customers with both good and bad credit histories. Our experienced team works to find the best finance deals tailored to your unique circumstances. Whether you have an excellent credit score or have faced credit challenges, we are committed to helping you secure the finance you need. Apply now and let us assist you in finding the perfect finance solution, no matter your credit history.
Why Choose Us?
All Credit Histories
Forward Motor Finance specialise in helping all credit histories including customers who have been declined previously elsewhere, have a poor credit or bad credit score. If you have a good credit, poor credit, or bad credit history, click on the apply now tab and complete the easy-to-use application form.
Choose Any Vehicle
The choice is yours because you can choose to buy a motor vehicle from any reputable motor retailer providing they are licensed to offer regulated motor finance products. Alternatively we can recommend a reputable motor retailer from our approved motor dealer network, or we can source a motor vehicle for you to meet your specifications.
Finance For You
Forward Motor Finance can tailor car credit deals for all our customers based on their individual circumstances. Our skilled team will try and sort the best finance offer for you from our panel of lenders first time, every time. We are also available to support you throughout the whole length of your credit agreement. Our team will help you get the credit you deserve.
