subject: Contract Hire - Information & Advice [print this page] A contract hire agreement has very few disadvantages for the company leasing the vehicle and even less for the employee driving the vehicle. Though you could be paying more for a vehicle finance agreement, you will actually own the vehicle on conclusion of the contract; whereas with a contract hire agreement, you will not own the vehicle but you can just hire a new vehicle at the end, something which most employees will be very happy about.
