Personal contract hire (PCH) / Car leasing
Personal Contract Hire is a cost effective way for consumers to use a motor vehicle for set period of time. All contract hire agreements include road fund licence for the duration of the agreement. There is the additional option of being able to add a full maintenance contract, and a relief vehicle.
It is possible to contract hire a vehicle from 24 months up to 60 month, with annual mileage as low as 5000MPA, with a maximum mileage at the end of the contract of no more than 150000 for diesel vehicles.
The Contract Hire Company purchase the vehicle, at the best possible discount we can negotiate from the car manufacturer or dealer, and hires it to the consumer for a fixed rental. At the end of the contract the vehicle is returned to the contract hire company for disposal. The consumer has no further involvement, or responsibility provided the car is returned in good condition.
All rentals attract VAT at the prevailing rate, and all official quotations sent will be quoted inclusive of VAT.
A personal contract Hire agreement can be designed to suit your budget, and your vehicle use. At the outset we will agree an initial rental as little as 1 rental in advance with alternative initial rentals of 3, 6, 9 or 12 rentals. The larger the initial rental, the lower your monthly ongoing costs. Please note that all initial rentals are collected by the leasing company by direct debit 7-10 days after vehicle delivery (subject to all paperwork being processed).
We will agree an annual mileage at the outset. Our quotes will have an excess mileage stated on them, for example, if the excess mileage is £0.06 and you go over by 1000 miles it will only cost £60.
All vehicles supplied are New (or Pre-Registered), and will come with the balance of manufacturers warranty.
Advantages of Contract Hire
• It may be possible to obtain a higher value product for your budget
• Fixed cost Motoring
• Available to all customer types subject to finance approval
• No worries about disposal at the end of the contract (subject to BVRLA Fair Wear and Tear Guide)
Disadvantages of Contract Hire
• There is no ability to purchase the vehicle
• All rentals attract VAT
• Early Settlement. There is no prescribed formula for early settlement, and each leasing company operate independently
• Potential de-hire charges