Personal Contract Hire

Often referred to as Personal Leasing or PCH, this enables an individual to lease a vehicle for a fixed cost and period.

What is Personal Contract Hire ?

Typically abbreviated to PCH, this is a long term rental agreement with fixed payments for between 12 and 60 months. PCH is a hassle-free and popular way for individuals to enjoy driving a brand-new car without the long-term commitment of ownership.

The PCH leasing option covers a set mileage allowance, and at the end of the agreement, you simply return the vehicle with no concerns about depreciation or resale. PCH provides the flexibility to drive a desirable car without the responsibilities of ownership, offering convenience and cost-effectiveness.


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Advantages

  • Flexible initial payment
  • Fixed term contract
  • Fixed mileage contract
  • Fixed cost motoring
  • Flexible profiles to suit you
  • You only pay for the use of the vehicle
  • At the end of your contract simply hand the vehicle back
  • Option of including maintenance with the contract
  • No depreciation or disposal risk

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Disadvantages

  • Vehicle must be returned in a well maintained condition
  • Early termination can be expensive
  • You must have fully comprehensive vehicle insurance
  • You will never own the vehicle