PERSONAL CONTRACT HIRE

The fastest growing way for individuals to acquire new vehicle.  This funding method is basically contract hire for individuals, often termed as ‘leasing a car’.  Whilst not owning the vehicle you benefit from the owners fleet buying power  This can sometimes be a cheaper option to PCP.

KEY FEATURES

  • Usually 3 months 1st rental
  • No depreciation risks
  • Fixed monthly payments
  • Accurate cashflow
  • Optional maintenance at a fixed cost
  • No disposal issues
  • High value vehicles more affordable
  • Simple hand back
  • RFL included in monthly payment
  • Customer only pays for use of vehicle

THINGS TO REMEMBER

  • Early terminate can be expensive
  • Excess mileage is chargeable
  • Car must be returned in well maintained condition
  • Damage is chargeable  (Fair wear and tear)