Personal Contract Hire
Personal Contract Hire Cars

PCH Finance Explained: 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 Personal Contract Hire car 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 perfect PCH deal UK.

Representative Example

This represents an average of the deals that our customers receive on other vehicles

Cash Price £19,121.93
Deposit £1,266.23
Term 48 months
Payment £323.72
Amount of credit £17,855.70
Fixed Interest per annum 6.46%
Representative APR 11.36%
Total Charge for credit £6,194.43
Final Payment £8,511.57
Option to purchase fee £399.00
Total Amount Payable (Incl. Deposit, charge for credit, final payment & purchase fee) £25,715.36

We are a credit broker and a lender. We can introduce you to a limited number of lenders and their finance products. We will provide details of products available, but no advice or recommendation will be made. You must decide whether the finance product is right for you. We do not charge you a fee for our services. Lenders will pay commission to us (either a fixed fee or a fixed percentage of the amount you borrow) for introducing you to them, this may be calculated in reference to a variable factor such as (but not limited to) the vehicle age, your credit score and the amount you are borrowing. Different lenders may pay different commissions for such introductions.