There are a number of sound reasons why anyone should look at contract hire to buy their next vehicle. Your account and this Blog can go through them but there is one fundamental reason why you should choose this method of vehicle buying.

Depreciation, Depreciation, depreciation!!! Your car is probably your second most expensive possession and in today's world of soaring road tax costs and fuel prices this is even more important. When you buy a car you instantly lose 20% - 25% of it's value.. Fact.

Contract Hire allows you to manage this to a pre-determined residual value two to four years down the line. In a set monthly payment that includes things like road tax. You even add a maintenance package to cover the costs of servicing.

As a buyer you can also access the volume buyers discounts and remove anywhere from 10 to 30% of that depreciation on day one reducing you monthly running cost of that vehicle even further.

To sum it up look at this comparison:

Buy a Brand New Ford Mondeo outright at £20000. You will run this car for 3 years until you go to sell it for £5000 later on. This effectively costs you £416 per month in depreciation alone add to that £18.75 in road tax and eventually an MOT and then you also run the risk of it only being worth £4000.00.

With contract hire you have none of this risk and the behind the scenes discounts and finance mean you could have this car for as little as £242.05 inc VAT and road tax. You only need to fuel and maintain it.

Contract hire is a constructive way to manage the inevitable losses that owning a car brings with no risk to you at all.

Click Here for Example Contract Hire Deals.