A new price comparison website - www.comparecontracthire.com - has been launched that compares over 5,000 company car or van prices.

The site enables users to search vehicles by make and model, budget or CO2 emissions.

At the site’s heart is a live quote engine, which provides a range of monthly prices on cars and vans from a range of contract hire providers.

The site is aimed at individual drivers and small and medium companies looking for contract hire deals.

Arval, Hitachi Capital, Masterlease, Fiat Auto Contracts and Alfa Romeo Contract Hire supply the site, while it is expected that other suppliers will join the site.

All suppliers provide their pricing on two, three or four-year contracts inclusive or exclusive of vehicle maintenance covering 10,000 and 20,000 miles per annum.

“Often when SMEs need a new car or van they haven’t got the time or opportunity to get the best deal from a quality supplier or choose the correct finance method,” said site founder Robert Wastell.

“They often receive poor advice and end up with a vehicle costing them more than they can afford on a finance product that isn’t right for their needs.

"We are only offering contract hire as it’s an easy and simple product for companies from a budgeting perspective and can provide a vehicle for a fixed all inclusive monthly rate.”