Motorpoint is rolling out a new type of contract hire product for small to medium-sized businesses.

It will be using its own stock for the deals.

Through its site users can choose from models over 12 months old or that have done more than 15,000 miles.

Each agreement will be on a two-year, 10,000 mile per year basis, although other terms are available.

Jon Baird, online manager said: “We are aiming to transform contract hire by providing businesses with the type of deals that others simply can’t match.”