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What is Personal Contract Hire?
Personal Contract Hire is a popular car leasing option that allows individuals to drive a new car for a fixed period of time, typically 2 to 4 years. With PCH, you pay an agreed monthly rental amount for the duration of the contract, and at the end of the term, you simply return the car to us. It’s a hassle-free and cost-effective way to enjoy the benefits of a new car without the long-term commitment.
With PCH, you can enjoy driving a new car for a fraction of the cost of buying one outright. The monthly rental payments are typically lower than the monthly repayments on a car loan.
One of the biggest advantages of PCH is that you don’t have to worry about the depreciation of the car. As the car is returned at the end of the contract, you don’t have to deal with selling or trading in the car and potentially losing value. eliminated.
PCH allows for easy budgeting as the monthly rental amount is fixed for the duration of the contract. This makes it easier to manage your finances without unexpected expenses.
With PCH, you have the opportunity to drive the latest models with the newest features and technologies. You can enjoy the excitement of driving a new car every few years without the hassle of selling or trading in your old vehicle.
Our PCH packages often include vehicle maintenance and road tax, saving you additional costs and eliminating the hassle of arranging and budgeting for these services separately.
With PCH, you do not own the car. You are essentially renting the vehicle for the agreed contract term. If you prefer to have ownership or the ability to modify the car, PCH may not be the right option for you.
PCH agreements often come with mileage restrictions. If you exceed the agreed mileage limit, you may be subject to excess mileage charges. It’s important to estimate your expected mileage accurately to avoid any additional costs.
PCH contracts are typically fixed-term agreements, and terminating the contract early may result in financial penalties. It’s important to consider your needs and circumstances before committing to a PCH agreement.
When returning the car at the end of the contract, it must be in good condition with only fair wear and tear. Any damage beyond what is considered normal may result in additional charges.
Unlike some other car finance options, PCH does not usually include an option to purchase the car at the end of the contract. If you prefer to own the car or have the option to buy it, PCH may not be the right choice for you.
At The Lease Hub, we strive to provide our customers with flexible and tailored PCH solutions that meet their needs and budget. Our team of experts is here to guide you through the process and help you find the perfect car leasing solution that suits your lifestyle.
Ready to drive your dream car without the commitment of ownership? Contact us today to explore our range of Personal Contract Hire options and experience the benefits of car leasing with The Lease Hub.
The Lease Hub is a trading style of Sorbus Finance Ltd is an Appointed Representative of Wessex Fleet Ltd which is Authorised and Regulated by the Financial Conduct Authority, firm number 671619 . Sorbus Finance Ltd T/A The Lease Hub is an independent Contract Hire brokerage and not a lender, as such we can introduce you to a wide range of finance providers depending on your requirements and circumstances. We are not independent finance advisors and so are unable to provide you with independent financial advice.
Sorbus Finance Ltd may receive payment(s) or other benefit from the finance provider if you decide to enter into an agreement with them.
Sorbus Finance Ltd aims to provide our customers with the highest standards of service. If our service fails to meet your requirements, we will endeavour to find a resolution.
Whether you’re a business looking for efficient and cost-effective fleet solutions through our Business Contract Hire, an individual seeking the perfect personal vehicle with our Personal Contract Hire, or an organisation exploring the benefits of a Salary Sacrifice Scheme, we’ve got you covered.