Outright Purchase vs Contract Hire: Which is right for my fleet vehicles?

posted on 07/07/2023
  • Overview
  • Outright Purchase vs. Contract Hire
  • Which is right for your fleet?

Choosing the right financial model for your company's fleet is more than just a matter of cost—it's a strategic decision which can significantly impact your company's operations and bottom line. But how do you decide which is right? Should you opt for Outright Purchase, or would leasing be a better fit?

These decisions can be complex and multifaceted, with various factors to consider.

In this blog post, we'll explore two financial models, discuss their advantages and drawbacks, and present the key considerations to help you make the right decision for your fleet.

Outright Purchase vs. Contract Hire

When it comes to fleet financing, the two most common options are Outright Purchase and Contract Hire. Each of these approaches offers its own advantages and potential drawbacks, and the best choice for your business will depend on your unique needs.

How to decide which is right for your fleet?

Choosing between Outright Purchase and Contract Hire for your fleet is a significant decision which will impact your company's finances, operations, and even your workforce's satisfaction. Here are some key considerations to help you make your choice:

As fleet financing is no small decision, it's important to make a choice that suits your business's unique needs and goals. We’re here to help make this process simpler and more informed.

Whether you're leaning towards Outright Purchase, considering Contract Hire , or still not sure which is right, our team of experts is ready to guide you towards the most suitable solution. Get in touch on 01252 976 010 for expert advice on what might best suit your specific business needs and priorities.

Related articles and services


The ins and outs of Contract Hire