With the rising costs of cars today it makes better sense to contract hire or lease a vehicle. This is especially true if you are a company which has a fleet of vehicles such as expensive Audi and BMW models.
Contract hire can help a company avoid many administration tasks. Maintaining a large fleet can lead to an administration nightmare. For example a contract hire company should take care of all the neccessary paperwork.
The main factor is the depreciation of cars today which makes contract hire or car leasing seem an ideal choice, for example depreciation is very high on brand new cars however if you look into Audi contract hire or BMW car leasing you will see both of these options are financially more viable than buying outright.
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