Lease hire is a way of finance vehicles from a company who specialise in transport rental. This means that a company or individual can hire a vehicle from a lease hire company for a specified period of time and they will make regular monthly payments to rent the vehicle.
If an individual or company wishes to actually purchase the vehicle after the rental period they should look into getting a hire purchase agreement with the car finance company. Instead of renting the vehicle they will be making payments to buy it instead, which depending upon your circumstances may be a better option to take than just renting one as it’s sometimes cheaper.
Transport rental companies are specialists in the lease hire industry and will be able to offer the rental of vans and cars. Some others will specialise or offer busses or boats also but it will depend upon the individual company itself.
Lease hire is very popular with companies and many contract hire leasing companies will only deal with other businesses, not individuals themselves who want a vehicle for personal use.
When you lease hire a car it is known as car hire depending upon what type of vehicle you are looking for will determine the costs and leasing options that will be made available to the company or individual.
When a company or individual hires out a van it is known in the trade as van hire. Some car finance companies will only specialise in vans while others will do all sorts of vehicles. It is very common for tradesmen and companies who specialise in double glazing, roofing, joinery or buildings to want vans or wagons for their work as they have to haul around large items which would not fit in a car.
Some people prefer to lease hire a vehicle rather than to buy one due to the fact they can change their car every year or so and it will never cost them as much as a brand new car each year. Many older people choose to do this as they sometimes have a bit of money stored away to treat themselves. Although it is getting more common for younger people to also lease hire vehicles as it can work out a lot cheaper in the long run, and younger people always seem to want newer models which can be done in the contract of car finance for lease hire of a vehicle.