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Contract Hire & Contract Purchase

Contract Hire
This is the solution for companies who want to concentrate on their core business activities, while avoiding the financial risk and administrative burden of owning their vehicle fleet.

Key features and benefits:

Fixed rentals for the whole package, making budget planning easier
Flexible terms to meet your requirements with variable duration and mileage terms
Maintenance of vehicles can be included in monthly rentals, and so spread the cost
Contract hire removes depreciating assets from the balance sheet and the associated risks of owning vehicles
Flexible invoice arrangements help to considerably reduce administration

Contract Purchase
Companies who want to own their vehicles, but want to avoid the risk of depreciating assets, prefer this option.

Key features and benefits:

Similar benefits to contract hire regarding fixed payments and flexible terms
Maintenance and added value services can be included
Lombard will guarantee the resale value of the vehicle at the end of the contract purchase agreement for a known, fixed amount
Ownership passes to the customer at the end of the agreement when all payments have been made