Personal Contract Hire

Personal Contract Hire (PCH)

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What is Personal Contract Hire (PCH)?

Personal Contract Hire can also be known as Personal Leasing. It is a vehicle contract hire agreement for private individuals who have no intention of owning a vehicle at the end of the agreement.

How PCH works

You'll agree an annual mileage allowance (the higher the limit the higher the monthly payment will be) and then make an advance rental payment which is normally low and equivalent to a number of monthly payments.

Once the hire agreement has been signed, you will take delivery of the vehicle and commence paying the monthly rentals across a fixed term. Service plans, maintenance plans and road tax payments can be incorporated into the hire agreement so you receive a fixed cost of motoring to help you plan and budget more effectively.

At the end of the agreement, you will simply hand the car back and there will be no further costs as long as the vehicle is in good condition and the mileage limit hasn't been exceeded.

For a quotation, help, or advice contact your local dealership and ask to speak to one of our sales team.

PCH Explained

Is Personal Contract Hire right for me?

If you aren't looking to own a vehicle outright, and you're happy to hand it back to the finance company after the term has ended, then Personal Contract Hire could be a good option for you.

What's the difference between Personal Contract Hire and Personal Contract Purchase?

With Personal Contract Hire, you do not own the vehicle, the finance company does. At the end the agreement there is no option for the customer to purchase the vehicle, they are simply leasing the vehicle for set period of time. 

What details and documents will I need when applying for PCH Finance?
  • Full name (and previous name if applicable)
  • Date of birth
  • Marital status
  • Residential status
  • Address history for the past three years
  • Bank details
  • Proof of identity (e.g. a valid UK passport)
  • Proof of current address (e.g. a utility bill dated in the past three months with full name and current address on it)
  • Valid, full UK driving licence


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