Renault Contract Hire is an operating lease. You rent the vehicles from us at an agreed monthly charge, for a set time period and mileage. Your rental can include all your vehicle operating costs, including maintenance.
At the end of the agreement you just hand back the vehicle. If you’ve kept within the agreed mileage limit and the vehicle doesn’t need to be reconditioned, there’s nothing more to pay. You get total control of your budget because a fixed monthly cost covers all vehicle operating costs.
As an operating lease, the vehicle should not appear on your balance sheet. The results can have a dramatic effect on your gearing, working capital and return on asset ratios.