PCH
Personal contract hire.
Personal contract hire is a good choice if you want to avoid the risk and hassle of buying, servicing and disposing of your vehicle.
How does it work?
Subject to terms and conditions, you hire a vehicle from us for a set period and pay a fixed monthly rental. At the end of the contract, you simply return the vehicle to us. You enjoy all the benefits of using the vehicle and we retain all the risks of owning it.
Benefits.
Easier budgeting
Vehicle rental costs are a known entity from the outset. You can also include all maintenance costs and breakdown cover in the fixed rental, leaving you just the fuel and insurance budgets to set.
Smoother cashflow
The cost of vehicle acquisition is spread monthly over the length of the contract, there is only a small initial payment, typically equivalent to three months rental, and no final balloon payment.
Less administration
We handle all the administration of supplying, servicing and disposing of vehicles, which frees up time for you.
Flexible contract
The length of the contract can be tailored to your needs and budget from the outset. They can also be extended during a contract, if you want, to reflect the changing nature of your requirements.
Reduced financial risk
You don’t have to worry about residual values, interest rates and, if it suite you, maintenance costs and relief vehicles. They are all our responsibility.
Usually more cost-effective (i.e. lower monthly rentals.)