Personal Contract Hire

Personal Contract Hire (PCH) protects you from the depreciation risk of owning a vehicle and can include maintenance cover/breakdown cover (optional), vehicle excise duty and much more. This finance method can be attractive for company car "opt out" employees or just private individuals who do not want to tie up cash in their car or pick up, nor have the financial risks of owning their vehicle.

Remember: 

• Add VAT to the rental as you cannot claim the VAT back as a private individual. 
• Always ask if there is a document fee involved as if you divide this fee by the number of months in your contract the "actual monthly" rental is higher than you think. 
• Personal Contract Hire (PCH) is a fixed contract to term and mileage. Go over the contract mileage and you will pay an excess mileage charge at the pence per mile rate quoted.
• There will be a termination charge, if you decide to return the vehicle early to the contract hire company. It may never happen to you but just be aware of this. 
• You need to insure the vehicle in line with the contract hire company requirements.

Best Deals for Business Contract Hire