Personal car Leasing

Personal Contract Hire simply explained


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Guide to Vehicle Leasing

New to leasing? This guide has been created to offer you impartial information and helpful advice about leasing a vehicle.

With over 36 years of experience providing lease vehicles to business and private individuals, we can offer you the most compreshensive information and knowledge. If you have any further questions or topics you wish to discuss, contact one of our leasing consultants

What is personal car leasing?

Personal car leasing is essentially a long-term vehicle rental, allowing you to drive a brand new car for an agreed annual mileage and contract term, paying fixed monthly rentals. At the end of the agreed term you can simply hand back the keys.

There are a few different contract types for those looking to take out a lease as a private indivuidal. We will break down the differences between this for you below, but should you have any further questions please give us a call on 0118 983 8020

Which contract type is right for me

Personal Contract Hire (PCH)

Personal contract hire is the most common form of personal car leasing. Often when people say personal car leasing they are talking about personal contract hire.

Fixed, low monthly rentals
Drive a breand new car
Cost effective
Option to buy the car
Refinance balloon payment
No concern of depreciation
Access more upmarket vehicles

Personal Contract Purchase (PCP)

Personal contract purchase is similar to PCH however with a personal contract purchase agreement you have the option to pay a balloon payment to own the vehicle.

Fixed, low monthly rentals
Drive a brand new car
Cost effective
Option to buy the car
Refinance balloon payment
No concern of depreciation
Access more upmarket vehicles

Is a personal lease suitable for me?

Personal Contract Hire may not be suitable if you wish to own or buy the vehicle. It also may not be able suitable if you wanted to shorten the period be paying during the contract, or if you desire to change the vehicle early. A Personal Contract Purhcase may be the more suitable in these circumstances.

If you do not know what your predicted mileage will be, if you plan to use the vehicle abroad for any extended periods or if you are looking to use it for specific business such as a taxi, then leasing may not be suitable for you.