Personal Contract Hire (PCH)
Personal Contract Hire (PCH) is a leasing option available to private individuals. It's a popular option for ex-company car drivers.
Benefits of PCH
PCH provides individuals with a simple way of driving a new car at a very reasonable cost. It also removes the hassle of selling or trading a car when you want to replace it.
The main points
- It's a method of personal car finance
- You'll receive road tax for the duration of your contract
- VAT is payable
- You will have the option to include a maintenance package
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It offers a fixed monthly cost, enabling you to keep on top of your finances
What happens at the end of the lease?
You simply hand the vehicle back at the end of the contract - You have no option to purchase the vehicle.
If you think you'd like to purchase the vehicle at the end of the contract, then Personal Contract Purchase (PCP) may be right for you?
Other leasing options
Another leasing option available to private individuals is Personal Contract Purchase (PCP).
Top tip - Take a look at our leasing finance comparison chart. This useful chart will help you compare leasing options at a glance.
Unsure which option is right for you?
Then call us on 0845 052 5268 or send us an enquiry - We'll happily go through the different options with you.
If you're unsure whether to put your new car through the business or lease personally, then call us, we'll go through it with you.
