What is a Contract Hire? A Contract Hire is where you'll have monthly payments for the car and never actually own the car, so you effectively hire the car. We'd ask for an initial payment of three to sx months worth of payments and then you'd have a monthly figure to pay. The more you put down as a deposit, the smaller your monthly payments will be.
When calculating a monthly price for the Contract Hire, we have to take into consideration, the value of the car, the miles you drive and the length of the contract (which can be between 24 and 48 months).