Personal contract hire is commonly referred to as a vehicle lease. The vehicle is purchased by the finance company who estimates a value of the vehicle at end of the term and your monthly payment consists of the depreciation and interest. The benefits are simply no residual value risk and fixed payments but the vehicle has to be returned in a reasonable condition and not a greater mileage than stated at contract inception or the finance company will levy a charge for this.
* All vehicle images and car descriptions on this site are for illustration and reference purposes only and are not necessarily an accurate representation of the vehicle on offer. All offers maybe withdrawn at anytime and without notice. E and O E
T: 0800 802 1940
F: 01332 292306
Cocoon Vehicles Ltd
The Old Co-Operative
36 Holbrook Road
Cocoon Vehicles Ltd are a credit broker and not a lender, we are authorised and regulated by the Financial Conduct Authority. Registered No : 711074
Registered in England & Wales with company number : 06113683 | Data Protection No : Z1350323 | VAT No : GB 907 7553 04
Registered Office : The Old Co-Operative, 36 Holbrook Road, Belper, Derbyshire, England, DE56 1PA
Copyright © 2019 Cocoon Vehicles Ltd, All rights reserved.