A key element of the MAN Financial Services (MFS) portfolio
of financial packages, Contract Hire provides commercial
vehicle operators with a system where they can simply hire
the use of a vehicle for a predetermined period against
similarly predetermined maximum anticipated mileage.
The operator/operating company is never required to own
the vehicle during the contract period and the agreed MFS
Contract Hire monthly charge for the vehicle’s use is fixed
for the duration of the contract.
The MFS Contract Hire agreed monthly charge will
usually include the following:
- The purchase price of the vehicle
- A predetermined ‘end of contract’ residual value
- The cost of funding the contract
- The cost of the vehicles road fund licence over the contract period
- The cost of maintenance and repairs - with the exception of accidental damage
- Replacement tyres for the vehicle
- Uptime guarantee
Under normal circumstances the MFS Contract Hire charges quoted will include all of these options, and the
monthly charges are calculated on a payment cycle
that meets the operator's individual business requirements.
With the exception of the vehicles insurance and the fuel
it uses, there are no further operating costs involved with
Contract Hire from MAN Financial Services.
When the contract period ends, the vehicle should be
returned to MFS and, providing it is returned in
an acceptable condition and within the stipulated mileage
limitations, no penalties will be imposed. In cases where
excess mileage is incurred, the excess will be imposed at
the rates quoted in the original vehicles contract document.
 Click here to download the Contract Hire brochure
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