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Personal Contract Hire

If you normally buy your cars with cash, a bank loan, or through a traditional Hire Purchase scheme, you may find Personal 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 Personal Contract Hire allow you to run a new vehicle for an inclusive monthly rental but it also releases valuable capital from your current vehicle or your next potential purchase. Personal Contract Hire means you can afford an even better vehicle than perhaps you initially thought.

Personal 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 avoiding time-consuming disposal issues and any worries over depreciation of the vehicle* but 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.

Key Benefits** of Personal Contract Hire

  • Personal Contract Hire offers a Low initial outlay from just 1 month's payment
  • Personal Contract Hire offers flexible terms from 24 to 48 months
  • Personal Contract Hire offers Road Fund Licence included in the monthly rental
  • Personal Contract Hire offers a choice of rental period
  • Personal Contract Hire offers no depreciation risks
  • Personal Contract Hire offers corporate pricing for private individuals
  • Personal Contract Hire offers optional monthly maintenance packages**
  • Personal Contract Hire offers the ability to forward plan
  • Personal Contract Hire offers the lowest fixed monthly rentals
  • Personal Contract Hire offers a simple 'hand back' process at contract maturity**
  • Personal Contract Hire removes time consuming disposal issues*
  • Personal Contract Hire makes more capital available for you
  • Personal 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 agreement.
For more Mercedes Car Leasing & Mercedes Contract Hire offers please visit Prestige Car Leasing.
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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.