Personal Contract Hire
Personal Contract Hire (PCH) is a new product for private individuals leaving a company car scheme or joining a new company that provides a car allowance, instead of a company car. It allows you the opportunity to finance a car using the most popular funding method used by companies.

PCH is available with or without a maintenance package (the maintenance package offering fixed cost motoring with no hidden extras) and is available for new cars or used vehicles up to 15 months old.

Who Owns the Vehicle at the End of the Agreement?
You use the car for the designated period and at the end of the term the vehicle must be returned to the finance company and you start a new agreement with the vehicle of your choice.

PCH rates are exactly the same as quoted contract hire rates simply add 15% to the monthly rate (as VAT is not reclaimable for PCH) and PCH is available on all UK supplied cars.