As pioneers in the contract hire and vehicle management market, and with more than 40 years’ experience in running and managing vehicles, HSBC Vehicle Finance offers British Hospitality Association (BHA) members a number of options to meet their commercial vehicle needs.

These options include:

1. Contract Hire: an operating lease which gives you the use of the vehicle for a predetermined period of up to four years at a fixed cost. HSBC purchases the vehicle at the beginning of the lease and resells it at the end of the agreement.

2. Sale and Leaseback: HSBC will purchase existing vehicles and contract hire them back to the customer, enabling them to release funds for better use elsewhere in the business.

3. Personal Contract Purchase (PCP): an agreement with an optional ‘balloon’ payment at the end, whereby HSBC agrees how much the vehicle will be worth at the end of the contract and guarantees this amount, then retains title and ownership of the vehicle until the payment is made. The driver can make the payment and keep the car, choose a different car, or return the car altogether.

For further information on how to benefit from any of these schemes, please contact the BHA on +44 (0)207 404 7744, or call HSBC Vehicle Finance direct on +44 (0)845 9000 888 between 9am and 5pm Monday to Friday.