Hiring of cars has been fashioned with huge profits earned by the car owners. There has been a substantial growth of commuters who use hired or rented cars for their travel. This has been so successful due to progress in IT field as it requires cabs to be supplied for travel of their employees during late hours. Also BPO professionals do take hired cars since their work module prompts them to be at office till late night. Also one who wants their car to be locked with utmost safety at garage would go by hired cars. All this has greatly facilitated this business to go all guns blazing. There are different types of car hire available in modern day world. Contract Car Hire deals with the hiring of car based on certain contracts for stipulated period of time. Contract Hire deals with the payment of certain amount that is determined by the contractors and car owners. Also this can be regarded fruitful for side since there are no intrusion of any third party namely brokers. Other types of leasing involve Business Car Leasing where in business cars are leased and Personal Car Leasing where in personal cars are rented for certain period of time.