Personal Contracts

PCH

Personal Contract Hire (also known as personal leasing) is a long-term rental agreement. It is a solution for private individuals and is becoming more popular amongst car users.

How Does It Work?

The private individual makes monthly payments for the part of the car that they use and at the end of the contract, return the car without any further obligations. On a personal contract hire agreement, you also have the option to pay the remainder to own the car (dependant upon the finance company), the same as in a personal contract purchase

What Are the Benefits?

Key features and benefits include:

  • Fixed rentals for the whole package, making budget planning easier
  • Flexible terms to meet your requirements with variable duration and mileage terms
  • Maintenance of vehicles can be included in monthly rentals, and so spread the cost