Personal Car Leasing
Personal car leasing has become a popular choice over traditional vehicle purchasing. We can help guide you through the various options available with our dedicated leasing specialists on hand to take you through the process.
Personal Contract Hire (PCH) allows a person to lease a vehicle for a fixed monthly amount for a period of between 2 to 5 years although 3 years is the usual term because most manufacturers' warranties run for that period.
A number of factors determine the monthly figure such as the projected resale (residual) value, the cost of the car, the term of the contract and the mileage allowance.
Features of Personal Contract Hire
* Fixed rate of interest
* Low initial outlay-normally 3 months payments
* No depreciation issues
* Monthly budgeting is accurate
* Easy to hand the car back when the agreement ends
* Option to include a maintenance package on a monthly basis