Personal Contract Hire (PCH) UK

Personal Contract Hire

The idea of personal contract hire is much the same as contract hire. The contract is usually over three or four years with three monthly rentals at the beginning of the contract. The length of the contract and the annual mileage will determine the monthly rental.

With Personal Contract Hire you can opt to have all the maintenance payments included in the monthly rental. It is possible to have any make or model on Personal Contract hire. At the end of the agreemant you return the vehicle and start a new agreement.

As more and more company car drivers hand in their keys because they are paying too much tax, they are turning to PCH as an alternative that offers fixed monthly costs for their motoring.
Subject to status.