Personal contract hire

PCH is a Contract Hire Agreement for Private Individuals. It works in exactly the same way as Contract Hire for companies with the exception of the VAT. Companies can reclaim this element, whereas with PCH, it is inbuilt into the monthly payment.

Deposits are low, normally equivalent to three monthly payments. The payments are based on the term of the agreement and the expected mileage. Excess mileage will be charged to the user at a few pence per mile.

Maintenance packages can be included in these agreements, which include your road fund licence.

At the end of the contract you simply hand the car back and then you can start again with a new car.

Benefits of Personal Contract Hire

• Low initial deposit
• Fixed Monthly rentals
• Maintenance and road tax can be included
• No depreciation to worry about
• No disposal issues
• Loan car if yours is off the road
• Flexible terms