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Contract Hire (Return vehicle at end of agreement)
Pay an initial rental (usually equal to 3 or 6 of the monthly payments) then monthly payments for an agreed period (between 24 and 60 months) then return the vehicle, subject to mileage and condition limitations. Maintenance can be included in monthly payments.
Finance Lease (Sell vehicle at end of agreement)
Pay an initial rental (usually equal to 3 or 6 of the monthly payments) then monthly payments for an agreed period (between 24 and 60 months) then pay a final payment and sell the vehicle keeping 98% of the proceeds.
Lease Purchase (Business HP own vehicle at end of agreement)
Pay a deposit (between 10% and 50% of vehicle cost) then monthly payments for an agreed period (usually between 24 and 60 months) then a final payment which has the effect of reducing the monthly cost.
If you are a private individual or you get a car allowance from your company and cannot reclaim VAT then you may wish to choose a product from our Personal Options page.
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Howlett Leasing is registered with the Office of Fair Trading Consumer Credit Licence No. 381939