Personal Contract Hire

Personal Contract hire is the long-term rental of a vehicle at a pre determined fixed price. The basic product includes sourcing of the vehicle, delivery, road fund license, the benefit of any warranty and breakdown cover supplied by the manufacturer and collection of the vehicle at the end of the contract. Full maintenance packages can be added to include servicing, repairs, tyres, exhausts, batteries etc. along with relief vehicle cover and other breakdown Services. The terms are usually between 24 and 48 months with contracted mileage from 6000 to 50,000 per annum.

Key Benefits:

Low Deposit
Fixed monthly cost and accurate budgeting
No depreciation risk
Sourcing, disposal and administration handled for you
Fixed cost maintenance packages available

Personal Contract Hire is ideal for the private individual who is opting out of a company car scheme and receiving a monthly car allowance. Customers who want an option to purchase their vehicle should consider Personal Contract Purchase.

 VAT and Personal Contract Hire:

Personal Contract Hire is subject to VAT at the current prevailing rates. This VAT is not recoverable by the lessee. MVM always quotes Personal Contract Hire prices including VAT.