What Is A Personal Contract Hire Agreement

The duration of your agreement is usually between 24 and 60 months, with most agreeing on 48-month agreements. Once the rental agreement is signed, take the vehicle into delivery and start paying the monthly rents over a set period of time. Service plans, maintenance plans, and auto tax payments can be included in the lease, so you get fixed costs to drive planning and budgeting more efficiently. However, it`s important not to underestimate your mileage, as it`s likely you`ll get penalties per kilometer for exceeding the limit. There is also a fee for damage to the car beyond reasonable wear and tear. PCP gives you the option to return the car at the end of the contract – as you would have to do with a lease – or you can then purchase it for the optional pre-arranged final payment. If you choose to rent a car on a personal contractual basis, you will make a series of monthly payments for the duration of your rental (for example. B 24 or 48 months) after having already paid for an initial lease. If you want to rent a car on a personal contractual basis, browse our extensive catalog of new vehicles or check out our latest rental quotes. You can also call our leasing specialists on 0345 811 9595 to discuss your options. Personal Contract Hire (PCH) is a type of long-term rental that is right for you if you don`t want to buy the car at the end of your contract and don`t need to change cars before the contract ends. You rent the car for an agreed period of time by making fixed monthly payments.

When the contract expires, you just have to return your car. Whether you are an existing tenant of the municipality or you will soon be, we will guide you through your rights and the operation of contracts. You can check out some of our best personal contract rental deals on our special offers page here. Personal Contract Hire allows you to rent a new car efficiently – usually for two to four years – by making an upfront payment, followed by a series of fixed monthly payments. Arrive at the end of the contract and you simply return the keys and leave without paying more (provided you have respected the previously agreed mileage limit and keep the car in good condition). .