Personal Contract Hire - PCH

As with business contract hire agreements, you choose your car, term and mileage and decide whether to include the maintenance or not. At the end of the term hand the car and the keys back to the leasing company. Vehicle Condition and Excess mileage charges notwithstanding you have no further obligations.

Personal Contract Hire can be provided over any length of time from 18 months up to 5 years.  It allows you the flexibility of enjoying a new car on a regular basis.

At the end of a contract you can purchase the vehicle, however the purchase price will be quoted based on market factors including the mileage of the vehicle.  If you want a guaranteed purchase price at the beginning of the contract you should consider Personal Contract Purchase.

A PCH quote does not need to include an APR because you are renting a vehicle and not buying it.

Comparing Quotes

It is always difficult to compare quotes as terms and options can vary.  See ‘Watch Out’ for more information. VAT should be included with personal contract hire - if the rental looks low compared to other quotes check whether VAT is included or in addition to the rental figure given. Road Fund Licence/Road Tax should always be included in the rate when the contract is incepted. Any increase in the cost of Road Fund Licence after the start date will be invoiced additionally at the time of renewal.