This is a form of car hire finance which and is available through Stoneacre Leasing. With relatively low monthly payments and no concerns about the car's resale value, PCH car finance enables you to drive a new vehicle every few years. At the end of the agreement, you won't have the choice to purchase the vehicle, though.

PCH meaning is an abbreviation of Personal Contract Hire.

What is the meaning of PCH initial rental?

When you lease a car on Personal Contract Hire (PCH), your deposit is known as the initial rental. The initial rental is often made up of multiple monthly payments - typically between three & nine - and this creates a 'profile'. For example, if your deposit consists of three monthly payments, and there are 35 subsequent payments to make, your profile would be 3+35.

Where do I start when looking for the best PCH deal?

Once you know your preferred car - down to the exact spec - just give us a call on 01405 744171 and, we can start looking at our Personal Contract Hire offers that best suit you, with your preferred terms: length, mileage and size of your deposit.

With Personal Contract Hire, do I need Gap Insurance?

Yes, Personal Contract Hire with GAP insurance is invaluable for covering the shortfall of what the insurer pays. There is an option to add it to your Personal Contract Hire agreement for an extra cost.

Can you extend PCH deals?

Yes, after your Personal Contract Hire agreement is up, you will need to return your car. From there, you could choose to lease a new car, or in some cases, extend your original contract.

How do I decide between PCP vs PCH?

The difference between Personal Contract Hire and Personal Contract Purchase: Personal Contract Hire is only a car hire, not car ownership, so the main difference is what happens at the end of your contract. With PCP, you can buy or exchange your car; with car PCH deals, there is no option to buy.

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What is Personal Contract Hire?

Personal Contract Hire (PCH) is a form of car leasing and a popular pathway for customers who like to stay up-to-date with their car models.

Depreciation can put you off buying a brand-new car. To avoid losing money, opt for PCH finance! This way, you can get a new vehicle every few years without the hassle of ownership.

With a PCH car hire, you’re essentially paying for what you use. Before you start, you will need to decide on your agreement length and the mileage restrictions to set in place. After this, you will pay a deposit (a.k.a. an initial rental). Then, you can begin your monthly car payments.

Personal Contract Hire deals are flexible. We can adjust your initial rental amount and agreement term to suit you. Call us on 01405 744171, and our friendly team will help you find the best PCH car deals.

Check Your Eligibility

Representative example: £19,121.93 repayable over 48 months. 48 monthly payments of £323.72. Deposit of £1,266.23. Amount of credit £17,855.70. Representative 11.36% APR. Fixed rate per annum 6.46%. Final Payment £8,511.57. Option to purchase fee £399.00. Cost of Credit £6,194.43. Total amount payable (Incl. Deposit, charge for credit, final payment & purchase fee) is £25,715.36.

What is Personal Contract Hire?

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