Contract Hire

If you normally buy your cars with cash, a bank loan, or through a traditional Hire Purchase scheme, you may find Contract Hire a far more cost-effective option.

Under current VAT legislation, all of Morgan Highfield & Land's lenders are able to reclaim the VAT on your new or 'VAT qualifying' used vehicle (less than 3 months old). This saving is then passed on to you in the form of lower monthly rentals, fixed throughout the agreement. Not only does Contract Hire allow you to run a new vehicle for an inclusive monthly rental but it also releases valuable capital from you current vehicle or your potential next purchase. Contract Hire means you can afford an even better vehicle than you may initially have thought.

Contract Hire can offer a package to include routine servicing and maintenance costs for a small increase to the monthly rentals. All scheduled maintenance work will be carried out by the main dealer network & at a local dealer of your choice. Maintenance packages include replacement tyres (excluding punctures), batteries, exhausts and all parts that are subject to fair wear and tear**.

At the end of your agreement Morgan Highfield & Land Ltd will arrange to collect your vehicle free of charge from your home or office address. Not only does this avoid time-consuming disposal issues and any worries over depreciation of the vehicle* but it allows you to make the best use of your valuable time. Annual Road Fund Licence is included in the monthly rental for the duration of the contract.

For Business Contract Hire users that are VAT registered, VAT is reclaimable on the rentals, based on 50% of the VAT on the capital element (assuming an element of private use) and 100% of the VAT for any maintenance charges.

Key Benefits** of Contract Hire

Contract Hire offers a low initial outlay from just 1 month's payment
Contract Hire offers flexible terms from 24 to 48 months
Contract Hire offers Road Fund Licence included in the monthly rental
Contract Hire offers a choice of rental period
Contract Hire offers no depreciation risks
Contract Hire offers the ability to show the vehicle off your balance sheet***
Contract Hire allows a proportion of the rentals allowable against tax***&**
Contract Hire offers optional monthly maintenance packages**
Contract Hire offers the ability to forward plan
Contract Hire offers the lowest fixed monthly rentals
Contract Hire offers a simple 'hand back' process at contract maturity**
Contract Hire removes time consuming disposal issues*
Contract Hire makes more capital available to you
Contract Hire offers allows VAT reclaimable on the rentals***
Contract Hire offers complete peace of mind

* Excess mileage and vehicle damage charges other than fair wear and tear may be payable.
** Subject to terms and conditions of the Contract Hire agreement.
*** Business Contract Hire Users only.

Personal Contract Hire >>
Business Contract Hire >>

Contract Hire - Audi Contract Hire - BMW Contract Hire - Jaguar Contract Hire
Land Rover Contract Hire - Mercedes Contract Hire - Mini Contract Hire - Porsche Contract Hire
Aston Martin Contract Hire - Bentley Contract Hire - Ferrari Contract Hire - Lamborghini Contract Hire
All Business Contract Hire special offer pricing shown is exclusive of Vat @ 17.5% and with 3 payments in advance. All Personal Contract Hire pricing shown is inclusive of Vat @ 17.5% and with 3 payments in advance. Different terms, mileages & contracts are available upon request. Contract Hire and all other methods of funding are subject to status, guarantees may be required.
Please see our Terms and Conditions for further details.