PCH | What is Personal Contract Hire

vauxhall leasingDefinition: PCH (Personal Contract Hire)
PCH is an abbreviation for Personal Contract Hire. PCH allows you to drive the vehicle of your choice without ever owning it. You simply hire a new car for a period of time, between 24 and 48 months. At the start of the agreement a low initial deposit is required, usually 3 months payments in advance. The the amount you pay each month is fixed for the length of the rental period, which means that you also benefit from easy budgeting.

Routine servicing and maintenance costs may be included for a small increase to the monthly rentals. All scheduled maintenance work will be carried out by the main dealer network, at the dealer of your choice. Maintenance packages include replacement tyres (excluding punctures) batteries, exhausts, and all parts that are subject to fair wear and tear.

Benefits Of Personal Contract Purchase (PCH):

  • Low initial outlay
  • Flexible terms from 24 to 48 months
  • Lowest possible fixed monthly rental
  • No depreciation or disposal issues
  • NO final payments
  • Road fund licence included
  • Optional maintenance packages, e.g. tyres, brakes etc.

Where a vehicle is returned in a condition that is considered by the financier to be below the anticipated standard for age and mileage at the end of the contract, charges may be applied to bring the vehicle to the required condition.

Contact us now, if you have a query or you would like to speak to a sales representative: 01273 455455