When it comes to car leasing, there are two main types of agreements: business contract hire and personal contract hire. Both types of leases offer different benefits and are tailored to meet different needs. In this blog post, we will discuss the differences between business contract hire and personal contract hire and explain why Trio Leasing is the best choice for your contract hire needs.
Business Contract Hire
Business contract hire is a type of lease agreement designed for businesses. The contract is between the leasing company and the business, and the vehicle is used exclusively for business purposes. The monthly payments are typically lower than personal contract hire, and the business can claim back a percentage of the VAT paid on the lease payments. Business contract hire is a cost-effective way for businesses to obtain vehicles without having to pay the upfront costs associated with purchasing a fleet of vehicles.
Personal Contract Hire
Personal contract hire is a type of lease agreement designed for individuals. The contract is between the leasing company and the individual, and the vehicle is used for personal purposes. The monthly payments are typically higher than business contract hire, but the individual does not have to worry about the depreciation of the vehicle, as the leasing company is responsible for selling the car at the end of the contract.
Why Choose Trio Leasing?
Trio Leasing is a leading contract hire company that offers both business contract hire and personal contract hire options. Our Team has over 20 years of experience in the industry meaning Trio Leasing has built a reputation for providing excellent customer service and competitive prices.
Trio Leasing offers a wide range of vehicles to choose from, including cars, vans, and trucks. They also offer flexible contract terms and can tailor a lease agreement to meet your specific needs. Trio Leasing’s team of experts will guide you through the leasing process, ensuring that you choose the right vehicle and contract terms for your needs.
In addition, Trio Leasing offers a range of added benefits, including maintenance packages, breakdown cover, and vehicle insurance. This means that you can enjoy worry-free driving throughout the duration of your lease.
In summary, business contract hire and personal contract hire are two different types of lease agreements designed for businesses and individuals, respectively. Trio Leasing is a leading contract hire company that offers both options and provides a range of added benefits to make the leasing process as easy and hassle-free as possible. If you’re looking for a cost-effective and convenient way to obtain a vehicle, consider Trio Leasing for your contract hire needs.