Personal Contract Hire - Personal Leasing
Personal contract hire (PCH) has become increasingly popular in recent years as customers have become aware of the benefits leasing offers. These benefits include the ability to drive a new car every two to five years for a fixed monthly cost - with no risk or hassle regarding the disposal of the vehicle at the end of contract.
A PCH agreement involves you signing a contract to lease a car for a fixed period of time, with a specific amount of miles allowed - usually quoted as miles per annum. In return you will pay an advance rental prior to delivery of the car and then a fixed monthly payment until the end of the agreement. There is no option to own your car at the end of the contract, it is simply returned to us.
You can add optional extras and choose to include a maintenance option to your agreement. This gives you even greater control of your motoring costs as you'll be safe in the knowledge that your servicing, tyres and repair costs are covered - but please note that as comprehensive as our maintenance package is, it won't cover you for damaging the vehicle.
Advantages:
- Option to take a new car every two to five years
- Flexible initial payment
- Fixed cost motoring
- Flexible profiles to suit you
- At the end of your contract, simply hand the vehicle back
- Option of including maintenance with the contract
Things you should be aware of:
- Vehicle must be returned in a well-maintained condition
- Some agreements may not be cancellable
- You will never own the vehicle