Personal Contract Hire

Personal Contract Hire (PCH) gives the user a fixed equal monthly rental for a fixed contract term and mileage. At the end of the contract the vehicle is simply handed back. A scheme that has proved popular with Employee's who are given an allowance in-lieu of a company car.

Suits

• Private individuals and Employee's opting out of company car schemes
• Those requiring a complete all in monthly payment
• Individuals able to accurately forecast their mileage
• Those who do not intend to change there vehicle until the end of the agreement

Benefits

• Avoid benefit-in-kind taxation
• Finance company assumes the risk of the residual value
• Full maintenance if required
• Low initial rental