A new facility has just been launched by comparecontracthire.com that enables SMEs to choose the initial payment terms they require. Prices can now be compared on three, six and 12 rentals in advance.

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

Robert Wastell, managing director of Comparecontracthire.com, said: “The market is awash with car leasing rentals, with different payment profiles being advertised. Using a high initial rental is one way to advertise a cheaper ongoing monthly rental and we have enhanced our quote engines to assist SMEs in comparing like-with-like quotes.

“Standard payment terms are usually three monthly rentals in advance, but if you have a quote on six payments in advance or even twelve rentals, Comparecontracthire.com can now display comparable rentals.”

Once the company has decided on a vehicle and price, a contact form can be completed and is sent through to the relevant car finance partner who will then handle the order.

The www.comparecontracthire.com site aims to inform smaller companies about how contract hire works and its financial and administrative benefits.