What is the difference between a credit hire rate and a Basic Hire Rate?
A credit hire rate (CHR) includes the cost of providing the vehicle on credit, plus additional services like delivery, collection, and insurance. The Basic…
Frequently asked questions
What is the difference between a credit hire rate and a Basic Hire Rate?
A credit hire rate (CHR) includes the cost of providing the vehicle on credit, plus additional services like delivery, collection, and insurance. The Basic Hire Rate (BHR) is the underlying rate stripped of credit and additional services. If the defendant argues the CHR is too high, they must prove the BHR with direct evidence.
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