For Personal Contract Hire deals call us today on 01653 604300

Personal Contract Hire

Personal Contract Hire (PCH) enables an Individual to run a vehicle at a fixed monthly cost. Lease periods are available from 2 to 5 years. In most cases, the longer the lease term, the lower the cost of the monthly rental. The most common contract term is 3 years, as this is the length of most manufacturers warranty period.

The monthly rental is determined by many factors, including the capital cost of the vehicle, the estimated resale (residual) value, the contract term, and the mileage allowance on the contract.

• No depreciation risks
• Accurate monthly budgeting
• Fixed interest rate
• Low initial outlay
• Optional monthly maintenance packages
• No time consuming disposal issues
• Simple hand back process at the end of the contract term

Several options are available on a Personal Contract Hire, to allow private individuals to accurately budget throughout the lease period. These include a maintenance option, which covers all servicing, routine maintenance and replacement tyres. For more information regarding additional products and services, visit our Maintenance page.

At the end of the contract period, the individual has 2 options:

1. Return the vehicle with nothing more to pay subject to mileage and condition (collection is usually free of charge).
2. Request a quote to extend the contract for a formal 6 or 12 month period.

The sales team at contracthireuk.co.uk understand and appreciate that each individuals requirements are different. Their experience ensures you are offered a package that provides the best solution for you.

For more information regarding Tax implications for both Companies and Employees visit our Taxation pages.

To discuss your requirements in more detail, or if you have any queries regarding any of this information, please call us now on 01653 604300