Personal Contract Hire is the convenient, low cost alternative to traditional funding methods and is the favourite method of funding for people opting out of their company car scheme.
Buying a new car without putting down a significant deposit is usually impossible. However with Personal Contract Hire, you simply hire your new vehicle for a fixed term, and because there is a low initial rental to pay the capital outlay is minimal.
Personal Contract Hire means tax-efficient driving, with the option to include a full maintenance package, which would include full servicing, and annual road fund licence leaving you with just comprehensive insurance costs to consider.
At the end of the contract (providing the car is in good condition, and any excess mileage charges have been settled) you simply hand your car back to us and start another agreement.
Key Benefits
- Low deposit.
- Flexible deposit terms.
- Low monthly payments, particularly on prestige cars due to strong residual value.
- Fixed costs.
- Choice of rental periods.
- No depreciation or disposal issues.
- No final payments.
- Maintenance on cars can be included.
