The PCH agreement is based upon fixed monthly payments that are determined by the make & model, mileage and period of hire. During the lease agreement, fixed monthly payments of a PCH vehicle will be discussed, as well as an agreed mileage and time period for the lease.
|Initial rental required||Yes||No||No|
|Monthly payments required||Yes||Yes||Yes|
|Annual mileage limit||Yes||Yes||No|
|Early settlement option||No||Yes||Yes|
|Option to own the car outright||No||Yes||Yes|
1.5 EcoBlue 120 Zetec Nav 5dr hatchback
A180 SE Executive5dr hatchback
1.8 VVT-i Hybrid Icon Tech 5dr hatchback
2.0 TSI 245 GTi Performance
As with any lease, you do not get your initial rental back.
Typically, there is a small mileage charge per mile which is agreed at the initial rental, and is confirmed within the contact terms and conditions.
After the car is handed back, there is a general check for damage and wear and tear.
This type of lease is only available for new cars.
Unfortunately, insurance is not included when you choose PCH. This also applies to all other car leasing contracts.
Usually you can cancel your contract for a negotiated fee, which is typically around half the owed amount. For example, if you owe £3000, the cost would probably be £1500.