Personal Leasing
Personal Contract Hire: Flexible and Cost-Effective Leasing for Individuals
Personal Contract Hire (PCH), also known as personal leasing, is a simple and affordable way for individuals to lease a vehicle. Based on a fixed-term agreement, you pay an agreed monthly charge for the use of a car over a set period and mileage tailored to your needs.
Advantages of Personal Contract Hire
- Flexible initial payment options.
- Fixed-term contract and mileage limits to suit your driving habits.
- Fixed monthly payments for predictable motoring costs.
- No depreciation risk—you only pay for the use of the vehicle.
- Simple end-of-contract process—just hand the vehicle back.
- Option to include maintenance packages covering servicing, tyres, and repairs.
Disadvantages of Personal Contract Hire
- The vehicle must be returned in a well-maintained condition to avoid additional charges.
- Early termination can be expensive.
- Fully comprehensive insurance is required throughout the lease term.
- You will never own the vehicle, as there is no option to purchase it.
Flexible Leasing Tailored to You
PCH is designed to meet your individual needs: contracts typically last 2, 3, or 4 years and are based on an agreed annual mileage. Be as accurate as possible when estimating mileage to avoid excess mileage charges at the end of the lease. In some cases, contracts can be extended beyond the initial term - simply contact us to discuss your options. Adding a maintenance package to your monthly payments ensures peace of mind and predictable motoring costs, covering servicing, tyres, batteries, and more.
Additional Information on Personal Leasing
PCH eliminates the financial risks of depreciation and disposal, making it ideal for drivers who want predictable costs. The responsibility for fully comprehensive insurance rests with the person named on the finance agreement. The vehicle must also be returned in accordance with the 'Fair Wear and Tear Guide,' which we provide near the end of your agreement.
Personal Contract Hire is a hassle-free way to drive a new car without ownership responsibilities. Contact us today to find out more or to get a personalised leasing quote.