Contract Hire vs Hire Purchase
HP: own the truck at the end; residual value risk is yours; lower monthly cost for comparable term; better for owner-operators who keep vehicles long-term.
Contract hire: return at end of term; lender carries residual risk; predictable cost; better for fleet operators who replace trucks regularly.
Most owner-operators and smaller hauliers use HP. Contract hire is more common in large fleet operations (25+ vehicles) run by logistics companies, supermarket supply chains and utilities.