Personal Leasing is an agreement that provides you with the use of any vehicle for a selected period of time at a series of fixed monthly cross. It allows you to avoid the inevitable depreciation a car has, as all risks is taken by the finance company as they own the vehicle throughout the duration of the contract. It is for many people, the most cost-effective and hassle-free way to drive a new car.
Personal Contract Hire is the most common form of Personal Car Leasing and often acts as the overarching term for the process. Personal Contract Hire, like all forms of leasing, gives you the opportunity to drive a brand new vehicle at a fixed monthly payment over an agreed duration (usually either 24, 36 or 48 months). You will also be required to pay an initial rental, this can range from 1 month to 12 months upfront, whichever suits you!
At the end of your contract, you simply hand the keys back to the finance company!
Key Benefits to Personal Contract Hire:
Fixed Monthly Payments
Flexible terms from 24 months to 48 months
Fixed mileage allowance to suit your needs
Little or no upfront payment options available
No depreciation risk
Road fund licence and Full UK Manufacturer’s Warranty included
Brand new cars at affordable prices
Maintenance can be included in your monthly fees to help spread the cost
Hassle free motoring – just return the vehicle at the end of the contract and start a new agreement on a brand new car