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Personal Contract Hire

View PCH deals

What is personal contract hire (PCH)?

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.

The difference between PCH, PCP and HP

PCH PCP HP
Deposit required No Yes Yes
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
Volvo on counrty road
Kia on a city road

Benefits of personal contract hire

  • You don’t need to worry about the resale, disposal or depreciation of the car at the end of your lease.
  • Opportunity to drive a new car every few years (length of time dependant on lease agreement).
  • Access to new cars which you may not have been able to afford if you were purchasing the vehicle.
  • Road tax is usually included in the contract.

Although…

  • You may be charged if you exceed the agreed contract mileage.
  • You won’t own the car at the end of your lease.
  • You are responsible for condition and mileage

PCH deals

View our PCH deals from a range of manucturers including Kia, Volvo, Hyundai, Alfa Romeo and Jeep.

Frequently asked questions for Personal Contract Hire

With Personal Contract Hire, do you get your initial rental back?

As with any lease, you do not get your initial rental back.

What if I go over my agreed contract mileage?

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.

What happens at the end of my lease?

After the car is handed back, there is a general check for damage and wear and tear.

What type of vehicle (new, nearly-new or used) is Personal Contract Hire available on?

This type of lease is only available for new cars.

Does Personal Contract Hire include insurance?

Unfortunately, insurance is not included when you choose PCH. This also applies to all other car leasing contracts.

Can I cancel my contract?

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.