Personal Contract Hire (PCH)

• Do you want to change your car every few years?
• Do you want to avoid the risk of depreciation?
• Do you simply wish to return the vehicle at the end of the term?

If the answer to the above is YES then Personal Contract Hire (PCH) may be for you.

 

You pay fixed monthly rentals for the term of the contract, which can be between 1 and 4 years.  At the end, the car is simply collected from your home or business address and you have nothing further to pay, as long as you keep within the contract mileage and look after the vehicle while in your care.

 

 

Main Features

You have no concern of the depreciation of the car, meaning you will never be in a negative equity situation.

 

Low monthly rentals mean that you can drive a better car for less money, a very cost effective way of motoring.

 

Road tax is generally included in the cost of the contract for the whole term saving time once a year renewing the tax disc.

 

OSV tip: “If you are expecting to terminate the agreement early then Personal Contract Purchase (PCP) may be a better option”

 

If you would like the option to buy the vehicle at the end then why not look at Personal Contract Purchase (PCP)?