The
Product
Under a contract hire agreement, you agree to lease the vehicle for a fixed period (usually 24-48 months) and agreed maximum mileage (e.g. 10 or 20k per annum).
You make one initial rental payment (typically 3-6 months rental) and then make a fixed monthly payment for the duration of the contract. Road tax is included for the term of the lease, but you will need to maintain (service) the vehicle to manufacturer's guidelines and insure it. The car never belongs to you, and at the end of the contract you return it to us.
- No depreciation to worry about
- No disposal hassle
- You may be able to afford a newer or higher specification car than you thought
- Maintenance cover can often be added to help you fix your motoring costs
Personal
Contract Hire
If you’re a private individual aged over 18 and permanently resident in the UK, you can apply for a personal lease, also known as personal contract hire. We will need some basic information, including a completed proposal form, proof of your ID (e.g. a driving licence or passport) and address (e.g. a council tax or utility bill) and some recent bank statements (we can usually accept good quality copies of these documents) and we will run a check with one of the credit reference agencies. Our underwriting team will then assess your application and, all being well, confirm that we are happy to fund you.
Don’t worry if you have bad credit- we specialise in helping people even if they have been previously declined.
Business Contract Hire
Contract hire was originally designed with business in mind, and there are several great advantages:
Business users can reclaim much of the VAT.
Rental charges can be set off against taxable profits
Frees capital for investment in other parts of your business. Moreover, leases do not appear on your balance sheet, so contract hire could improve your RoA, liquidity ratio and gearing.
Whether you’re a sole trader or your limited company needs a new vehicle, you can apply for business contract hire. We will need some basic information, including a completed proposal form and business bank statements, along with proofs of ID and address and bank statements for the applying director.
Don’t worry if your company is a new start or has been previously declined- we consider all applications and can often help.”
Our Customers
If you’re a Private Individual, Sole Trader or Limited Company permanently resident in the UK, you can apply for a lease even if you have limited or poor credit. We specialise in helping people, even if they have been previously declined.
- Completed application form.
- Last 3 months bank statements.
- A recent proof of address (e.g a Council tax or Utility bill).
- A copy of your UK Driving Licence.
Almost any car or light commercial!
Whether you need a new van for your business, a reliable hatchback for the school run, a sporty little number, or something to eat up the miles on the motorway, we can source the right vehicle for you.
We can supply both new and nearly new vehicles.
I wish all companies were as easy to deal with as LCC Capital
K. Peters Access to a newer, more reliable vehicle without the initial cost of ownership. There’s no depreciation to worry about as this is taken by the lease company and the monthly payments. You can even reclaim some of the VAT if you’re VAT registered.
Please see our Current Offers section.
To start the ball rolling please complete our simple on-line application form here , and a member of our customer services team will be in touch to guide you through the process.
Got a question we've not answered yet?
Please let us know and we will add it to our list!
Need any help!
If you can't find the answer you're looking for take a look at our contract hire FAQ or get in touch and we'll be happy to help
Funded and backed by
LCC Capital were super helpful and took time to explain the application process to me, and helped me find my perfect car.
R. Stone Govt Officer, UK