How is a Contract Hire rental calculated?
The number one financial consideration is vehicle depreciation, which is the difference between what the vehicle leasing company buys the vehicle for and what they think they will sell it for, in say three years time.
On the chart shown, on a typical car, the percentage of the rental calculation that is vehicle depreciation is around 64%. The next factor the leasing company considers is the funding cost for the contract which is circa 11%. Maintenance cover adds about 10% and the "leasing company operating overhead" costs about 7%.
The final factors are profit (3%), road fund licence costs (3%), logistics i.e. delivering and collecting the vehicle at the end of the contract (1%) and finally vehicle recovery costs (1%) for vehicle breakdowns. Clearly the above is only a guide and the percentages will vary on a variety of factors. This is why sometimes cars or vans that cost the same to buy, may have wide variances in the contract hire rentals, as the leasing company is looking at total life cost.
Contract hire is an effective form of fleet finance as it provides you fixed cost motoring and we have shown a selection of the some of the contract hire pricing on the site (the rentals below are based on non-maintenance contract hire). Other terms and contracts can be quoted via the contract hire quote engines.
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