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What is Contract Hire? 

A Contract Hire agreement enables you to drive a vehicle without needing to own it. Instead, you simply lease the vehicle for a fixed monthly rental payment.

How does Contract Hire work?

  1. Choose Your Lease Terms

    Choose your vehicle, initial rental amount, preferred lease length and estimated annual mileage. These details are used to calculate your monthly rental payments.

  2. Add Maintenance (Optional)

    You can add servicing, maintenance and/or tyres to your Contract Hire agreement to help you to keep your vehicle in good condition throughout the lease. This can also help you to reduce any charges you might incur when you hand the vehicle back at the end of the agreement.

  3. Return your Vehicle

    As you are leasing the vehicle, you simply hand it back to us at the end of the agreement. Just ensure that the vehicle meets fair wear and tear guidelines and stays within your contractual mileage to avoid extra charges.

The benefits of Contract Hire

Upgrade your vehicle regularly

As you hand the vehicle back at the end of each agreement, you are able to change your vehicle on a regular, but fixed, period.

No risks of ownership

You won’t be responsible for any unforeseen depreciation as you will not own the vehicle. You simply pay a monthly rental for the vehicle and hand it back at the end of the agreement.

You can include Fixed Cost Maintenance

Service, maintenance and/or tyre plans can be built into your agreement to make budgeting even easier, giving you one simple payment for a vehicle and upkeep.

Tax deductible 

If you are leasing as a business customer, there are certain tax benefits that you can take advantage of. If you require guidance, you should contact HMRC or seek independent professional advice.

Watch our Contract Hire explained video

Would Contract Hire suit me?

Contract Hire is a straightforward leasing agreement, which can help a range of people get into a new vehicle. It may be the best option for you if:

  • You don't want to own the vehicle at the end of the agreement
  • You want to change your vehicle regularly
  • You are likely to stay within the the fair, wear and tear and excess mileage limits
  • You won't need to exit your agreement early (early termination fees will apply)

It has never been easier to find a vehicle to lease on Contract Hire. VWFS DRIVE enables you to search for a range of vehicles from Volkswagen Group brands available today

View VWFS DRIVE offers

If Finance Lease is the right product for you, you now need to find the perfect vehicle!

At Volkswagen Financial Services we work with all the brands of the Volkswagen Group, so you can be sure to find the right vehicle from the range of brands below:

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