Couple holding keys and with new car New car

Personal Contract Hire

Personal Contract Hire (PCH) is a car lease that allows you to drive a new vehicle over an agreed period of time and mileage. This gives you cost-effective access to new vehicles without the large drop in value normally associated with owning a new vehicle outright. You also have the option to include vehicle service, maintenance and repairs in a fully maintained lease agreement, which means you can budget predictably for all your motoring costs.

At the end of your personal contract hire agreement, you will need to return the vehicle to the finance company. There is no option to purchase the vehicle at the end of your term but you can simply replace it with another one. The vehicle should be returned to the leasing company in a condition that meets the BVRLA ‘Fair wear and tear’ guidelines, otherwise charges may be incurred.

So what are the benefits of personal contract hire?
  • Drive a new vehicle on low monthly repayments.
  • Flexible contract terms ranging from 24 to 60 months.
  • Return the vehicle at the end of your contract.
  • Monthly repayments that are fixed and will never change making it easier to budget (please note that any changes to VAT are out with our control and may affect your rental).
  • The hassle of having to sell the car is removed.
  • Reduced risk from losing money on the car’s value due to depreciation.
And what are the potential risks you face?
  • If the vehicle is returned with damage that goes beyond established industry guidelines – known as BVRLA Fair Wear and Tear – you may incur charges to repair that damage.
  • If you terminate the lease early, you may be liable to pay an early termination fee.
  • If you have driven the vehicle beyond the agreed mileage limit, you will be charged an excess mileage rate which is outlined in your agreement. Mileage limits cannot be amended at any stage during the contract.
What does PCH include?
  • Road Tax is included throughout the duration of the contract.
  • Complete support and guidance throughout your time with us.
  • Fully bespoke contract, term and mileage – discussed, developed and tailored to your individual needs.
  • A comprehensive vehicle maintenance package (if selected as part of the contract) including all servicing and maintenance.
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