Personal Contract Hire Cars

What is personal contract hire (PCH)?

Personal contract hire (PCH, also known as personal leasing) is a rental agreement over a specified length of time, usually 2,3 or 4 years, and is fast becoming the preferred way to purchase new cars.

Simply put, you pay a fixed monthly amount to 'rent' the vehicle throughout the term of your contract, and return the vehicle when your agreement has finished, without having the worry or hassle of having to sell the vehicle or better on a trade in.

How would PCH work for you?

When you choose personal contract hire to lease a car, you will make a an agreed number of monthly payments, usually 24, 36 or 48 having paid an initial rental as your first payment.  The initial rental is usually 1, 3, 6, 9 or 12 months worth of monthly payments.  The larger the number of payments in your initial rental, the lower the ongoing monthly payments.

Effectively, you are paying for the use of the vehicle for the duration of the contract, and then simply return the vehicle to the finance company at the end of the agreement, leaving you free to lease another vehicle of your choice.

It is possible (subject to approval from the finance provider) to extend the lease beyond the initial contract term.

Am I eligible? 

A personal contract hire lease is available to all drivers over the age of 18 looking to lease a car for private use, subject to credit worthiness.  To check if you are eligible, complete an enquiry form here and one of Leasing Consultants will go through it with you.

For more information on Personal Contract Leasing, please see our FAQ's