Key Features of Personal Contract Hire

Personal Contract Hire (also known as PCH) is an efficient way for individuals to fund a new vehicle for a set period of time and pre-determined mileage.

Your new vehicle is purchased by our selected funder and leased to you; manufacturer warranty and road roadside assistance included. Personal Contract Hire is suitable for individuals looking to reduce the risk and capital commitments associated with buying, owning and then re-selling a vehicle: the vehicle is simply handed back at the end of the term with no option to purchase. This means there is no residual value or maintenance risk (assuming Maintenance & Tyre Cover is taken).

All vehicles supplied by Lease Comparison are new or registered up to 12 weeks before delivery to our funder. Road fund is included for the length of your agreement and delivery is included to any UK Mainland address.

Benefits of Personal Contract Hire:

•Fixed term and fixed monthly budgeting
•Use of a new vehicle with the manufacturer’s warranty
•Initial rental is adjustable to suit most budgets
•Contracts available from 5,000 to 40,000 miles a year, to match your own requirements
•No depreciation or disposal risk, you simply hand the vehicle back at the end of the term
•Optional maintenance saves you the cost of services, worn tyres, scheduled and un-scheduled maintenance
•For businesses, a proportion of the VAT can be claimed back
•Road fund is included for the full term
•No hassle in ever having to sell or part exchange the vehicle

Personal Contract Hire may not be suitable if:

•You might need to end the agreement early, as early termination can be expensive
•You cannot predict your annual mileage
•You cannot look after the vehicle and return it in a well maintained condition
•You will not have fully comprehensive insurance
•You want to export or take the vehicle abroad for extended periods
•You want to own or have the option to buy the vehicle

To discuss leasing in more detail, call Lease Comparison now on 01442 920 920