Personal Contract Hire (PCH)

A long-term vehicle leasing agreement on fixed monthly payments for the duration of the contract. No ownership or depreciation concerns, at the end of the lease you simply return the vehicle.

A Contract Hire agreement is a popular and cost effective form of vehicle leasing. It works similarly to a Business Contract Hire but it applies exclusively to private individuals. Contract Hire leasing is ideal for those who want to lease a vehicle but don't intend to keep the vehicle when the contract expires. This allows the user to lease new vehicles for several years then hand it back and upgrade to different vehicle or brand.

We will decide with you at the start of the agreement how much mileage you will perform annually, how much initial payment (deposit) you want to put down, how many years you wish to lease the vehicle and the residual vehicle of the car when you eventually end it back. From this information we will then work out a fixed monthly payment cost for the entire duration of the agreement.

Personal Contract Hire (PCH) Benefits

Contract Hire is the ideally funding choice for those who like to change their vehicle frequently without the worry of depreciation and costs that go into maintaining your own vehicle. There are other benefits to Contract Hire leasing:

  • Fixed monthly payments agreed at the beginning of the lease. Contract Hire monthly payments are often lower than other finance options.
  • Low entry costs to brand new luxuriously vehicles, initial payments/deposit is usually three or six monthly payments in advance.
  • No depreciation worries, at the end of the lease you don't have to worry about selling the vehicle.
  • Road tax (Vehicle Exercise Duty) is often included in the agreement.


Do I qualify for Contract Hire leasing?

To be eligible for contract hire leasing on a vehicle you must be at least 18 years of age with a full UK driving licences. A decent credit rating is also required for all finance agreements.

What happens at the end of the lease?

At the end of the Contract Hire agreement you simply hand the vehicle back to the leasing provider with no further obligations on the vehicle. If you have exceeded the agreed annual mileage you will be liable to pay for each mile over the agreed total. The condition of the vehicle will be assessed according to the BVRLA (British Vehicle Rental and Leasing Association) Fair Wear and Tear guidelines. Any damage outside the BVRLA guides may be subject to end-of-lease penalty charges.

Contact one of our Chorley Group dealerships today to learn more about Personal Contract Hire and other finance options available.

Enquire about finance

A popular method of financing your car, pay monthly with the option to buy the vehicle at the end of the agreement
Pay off the entire value of your car with an initial deposit and fixed monthly payments
Equip your fleet with an initial deposit followed by the agreed fixed monthly payments
Lease Purchase is very similar to Hire Purchase but has a deferred (balloon) payment at the end of the contract
More options at the end of a leasing agreement, including the choice to retain the vehicle used during the lease