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Contract Hire
For the public sector

The most popular type of contract available, contract hire is the leasing of a vehicle, normally to a VAT registered organisation, for a set period and mileage at a fixed monthly rental.

The monthly rental is determined by the cost of the vehicle, the period and mileage covered, as well as the resultant depreciation. Maintenance packages are usually included in contract hire agreements, but are not obligatory.

Ownership and all the risks and rewards lie with ING Car Lease. At the end of the contract the vehicle is returned to us.

Contract Purchase
A similar type of agreement to contract hire, but this has more favourable tax advantages for customers with expensive vehicles. The vehicle is owned by the customer, but they have the option for us to ‘buy-back’ vehicles at the end of the contract.