Business Contract Hire Explained.
Business Contract Hire is designed for small to medium businesses and fleet managers who would like to drive a new Genesis without the risks and impacts of buying the vehicle outright. Fixed monthly rental agreements make it simple to lease a new Genesis without worrying about depreciation costs or vehicle disposal. You pay an initial upfront advance rental (amount dependent on size of monthly rental), usually the equivalent to three, six or nine monthly rentals. You then pay a fixed monthly rental fee (plus VAT) and in return have the right to use your chosen car over a pre-agreed period and mileage.
At the end of this period you are not responsible for the disposal, you simply return the car without further cost, providing it has not exceeded the agreed mileage and the condition is reflective of its age and mileage. There is no option to own the car at the end of the contact.
Watch a short video explaining how this product works: