Compare five of the best business car hire and leasing providers for small businesses, including Enterprise-Rent-A-Car, Select, and Nationwide
Buying a car can tie up a significant amount of your capital. Hiring or leasing lets you access a vehicle through regular payments instead, reducing the amount you need to spend upfront and making cash flow easier to manage.
And there are other benefits. When you hire, you avoid vehicle depreciation, and you can write off rental fees against your profits. If you’re VAT-registered, you can sometimes reclaim a large part of that tax.
This article compares five leading business car hire and leasing providers, helping you decide between flexible rental or a longer-term leasing agreement.
According to our research, Enterprise-Rent-A-Car is the best overall business car hire solution.
It offers maximum flexibility over terms and contract length, and with over 450 branches, you’re never too far away from a location. Discover our four other top providers to decide which is best for your needs and budget.
What is the difference between business car hire and business car leasing?
Business car hire is a short-term arrangement where you pay a fixed daily or weekly sum for the use of a vehicle with no long-term commitment. When you’re done, you simply return the vehicle. It’s ideal for short-term transport needs.
When you lease a car, often known as Business Contract Hire (BCH), you commit to (usually) a two- to four-year term, paying monthly for the use of the car.
You’re also usually required to pay a minimum deposit (often called an initial payment), typically equivalent to 1-12 months of the monthly lease cost. At the end of the lease agreement, you can either return the car (with no depreciation as there would be if you owned the car outright) or you can upgrade to a new model.
Compare top hire and leasing providers
ProviderService typeBest forVehiclesCommitmentMaintenanceEnterprise-Rent-A-CarBusiness vehicle hire and flexible rentalChanging vehicle needsCars, SUVs, people carriers and vansShort-term hire or 30–355 daysIncluded with long-term rentalSelect Car LeasingBusiness leasing brokerChoice of lease dealsCars and vansUsually 24, 36 or 48 monthsOptional fixed-price packagesNationwide Vehicle ContractsCar and van leasing brokerComparing vehicle typesCars, vans and commercial vehiclesUsually two to four yearsBreakdown included; maintenance optionalCarwowOnline marketplace and credit brokerComparing deals onlineCars and vansUsually two to four yearsDepends on the dealSynergy Car LeasingBusiness leasing credit brokerPersonalised supportNew and used cars and vansUsually 12–48 monthsOptional; coverage variesDisclaimer: This story is auto-aggregated by a computer program and has not been created or edited by finopulse.
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