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Contract Hire

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Covid-19 Update

Last updated - 3pm on 20/03/20

As a responsible lender authorised by the Financial Conduct Authority, we are watching the current situation closely and understand that many of our customers will be directly or indirectly affected by COVID-19.

All lenders during this challenging time are required under FCA rules to work with you to arrive at an arrangement that is in the interests of fair and appropriate customer outcomes.

We encourage you to make early contact with us and any other lenders if you are experiencing financial difficulty so that a suitable solution can be discussed which is appropriately tailored to your circumstances. Other organisations like the Money Advice Service may also be a good source of information and support:?www.moneyadviceservice.org.uk/en.

Contract Hire
Contract Hire

CONTRACT HIRE

Contract Hire allows you to hire your Honda instead of buying it outright. Its flexible too, which means you can even change the term and mileage if you find your circumstances change during the agreement.

Business Contract Hire

How does Contract Hire work?

For customers who prefer to hire vehicles rather than own them outright, Honda Contract Hire offers tailored monthly rentals for easy budgeting.

So, how does this work?

  • Choose the car you want.
  • Estimate how many miles you will drive each year, as this will affect your monthly rental.
  • You can then adjust length of agreement to suit you, from two to five years.
  • You will have to pay an initial rental, which is normally three or six rentals in advance.
  • You can also choose to pay for an additional monthly maintenance package to cover servicing, maintenance and tyre replacement costs.
  • Once you’ve paid all of your rentals, as you can never own the car, you simply hand it back to Honda Contract Hire.*
  • They will check your car and, as long as you’ve stayed within your agreed mileage over the contract term and the car is in good condition, you have nothing further to pay.
  • You could then choose to go back to a Honda dealer and part-exchange it for another new Honda.

*Subject to meeting the return terms and conditions of your agreement.

Choose the right product

Choose the right product

Contract Hire may not be right for you. So, check out our other finance products to make sure you choose the product that best suits your needs and then contact your local Honda dealer for more details or for a personalised quote.

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