Types of Lease - Basically there are two types of lease

Business Leases		Personal Leases
Contract Hire	Finance Lease	Personal Contract Hire	Hire Purchase

Business Leases

*all this text is taken from another website so needs rewriting*

Contract Hire
Contract Hire is the only off balance sheet car leasing option. VAT recoverable with no risk of ownership, and an optional maintenance package.

Finance Lease
Finance Lease is an on balance sheet car leasing option. VAT recoverable, suited to those who wish to take the risk of ownership as the hirer is responsible for the balloon payment.

Personal Leases

Personal Contract Hire
Personal Contract Hire is a car leasing option popular with ex-company car drivers, offering fixed price risk free motoring, with no pre-set option to purchase.

Hire Purchase
Personal Contract Purchase is a method of personal car finance offers a guaranteed optional purchase price at the end of the contract.Lease Purchase Lease Purchase is a method of motor finance is best suited for the finance of prestige vehicles, where there is potentially a significant benefit in taking on the responsibility of the residual value.