Personal Contract Hire (also known as PCH and Personal Leasing) is a contract hire agreement for private individuals and the general public. It works in precisely the same manner as Contract Hire that companies utilise with the exception of VAT. Companies can recoup this aspect, whereas with in Personal Car Lease, it is built into the monthly payment plan.
The main benefits of personal contract hire:
Deposits are usually low and calculated to be equivalent to the number of monthly re-payments.
Payments are established at the time of the agreement along with the expected mileage. Then any excess mileage is charged at a few pence per mile at the end of the agreement.
Vehicle Excise Duty is usually included within these agreements; other packages such as maintenance may be optionally added in to the agreement.
At the end of the agreement you simply hand vehicle back and you can start again with a new personal lease vehicle.
If you would like more assistance or would like to discuss any financing options available to you please call any member of our team on 01472 358 625