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Bad Credit Car Leasing

Is Contract Hire the right choice for you? In simple terms, Contract Hire which is sometimes known as an Operating Lease is a method of paying for the use of a vehicle for a contracted fixed period. Although there is no option to own the vehicle at the end of the bad credit car leasing period.

Bad Credit Contract Hire allows a customer sometimes known as the lessee to choose the vehicle they require, have the use of it for a set period and a previously agreed anticipated mileage and then return it to the leasing company (known as the lessor) at the end of the period of hire. The risks and benefits are therefore with the customer under Contract Hire agreements.

As the customer is renting the vehicle from the leasing company for a fixed period and pays a fixed monthly rental for the use of it. The customer is not responsible for the disposal or sale price of the vehicle at the end of the agreement which makes it a very easy and risk-free way to run a vehicle, however if the agreed mileage is exceeded or the vehicle is not maintained to a good condition high cost charges will be imposed. Both scenarios are explained and clearly marked in any bad credit car leasing agreement.

Bad credit Contract Hire is available to any type of customer whether they own a business or are private individual but, because of the agreement structure and form, it is ideally suited to VAT-registered businesses because the rentals attract VAT and this sum can be claimed back from Her Majesty’s Revenue and Customs (HMRC).

CAR
FINANCE

At New Look Loans we will always strive to arrange the best rate we can, despite your credit history. Our large panel of lenders offer agreements to suit all budgets, lifestyles and circumstances!

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VAN
Finance

If you need a new or used van for your business or simply need a larger vehicle, New Look Loans can search their large panel of lenders to tailor a finance agreement for you!

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BIKE
Finance

New Look Loans works with some of the largest motorbike finance companies in the UK. Allow us to find a finance agreement which fits around your lifestyle and circumstances!

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Finance
Calculator

Don’t know your budget? Want a rough idea of what you can expect to pay? Our finance calculator has been designed to give a representative example of what you can expect when applying for finance.

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